https://www.taxtmi.com/acts?id=46125 The amendment treats foreign currency or foreign exchange remitted from abroad by a non resident to a resident in India, when made under the Foreign Exchange Regulation Act, as a taxable gift and adopts the Income tax Act meaning of resident; it raises the monetary threshold in the provision, omits a prior section, and replaces the Schedule with a new graduated rate schedule prescribing tiered base amounts plus percentage charges on excesses. en-us Thu, 12 Dec 2024 15:08:34 +0530 Thu, 12 Dec 2024 16:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46125 The amendment treats foreign currency or foreign exchange remitted from abroad by a non resident to a resident in India, when made under the Foreign Exchange Regulation Act, as a taxable gift and adopts the Income tax Act meaning of resident; it raises the monetary threshold in the provision, omits a prior section, and replaces the Schedule with a new graduated rate schedule prescribing tiered base amounts plus percentage charges on excesses. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 15:08:34 +0530 https://www.taxtmi.com/acts?id=46125