https://www.taxtmi.com/manuals?id=4211 Current account transaction under the Foreign Exchange Management framework is any cross border payment or receipt that is not a capital account transaction, including payments for foreign trade, ordinary business, services, short term banking and credit facilities, interest on loans and net investment income, remittances for living expenses of immediate family abroad, and expenses for foreign travel, education and medical care; such transactions are regulated by the statutory provision and subsidiary rules governing current account transactions. en-us Tue, 26 Dec 2023 11:10:00 +0530 Tue, 02 Jan 2024 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4211 Current account transaction under the Foreign Exchange Management framework is any cross border payment or receipt that is not a capital account transaction, including payments for foreign trade, ordinary business, services, short term banking and credit facilities, interest on loans and net investment income, remittances for living expenses of immediate family abroad, and expenses for foreign travel, education and medical care; such transactions are regulated by the statutory provision and subsidiary rules governing current account transactions. Manuals Income Tax Tue, 26 Dec 2023 11:10:00 +0530 https://www.taxtmi.com/manuals?id=4211