https://www.taxtmi.com/acts?id=47008 Amendment inserts a clause treating sums payable to a non resident Indian as consideration for transfer of a foreign exchange asset (not a short term capital asset) as falling under section 204, and makes the authorised dealer remitting or crediting that sum to the Non resident (External) Account responsible under the provision. An Explanation ties definitions of non resident Indian and foreign exchange asset to Chapter XII A and defines authorised dealer by reference to the Foreign Exchange Regulation Act. en-us Fri, 03 Jan 2025 15:31:44 +0530 Fri, 03 Jan 2025 15:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47008 Amendment inserts a clause treating sums payable to a non resident Indian as consideration for transfer of a foreign exchange asset (not a short term capital asset) as falling under section 204, and makes the authorised dealer remitting or crediting that sum to the Non resident (External) Account responsible under the provision. An Explanation ties definitions of non resident Indian and foreign exchange asset to Chapter XII A and defines authorised dealer by reference to the Foreign Exchange Regulation Act. Act-Rules F. Acts / Amendment Acts Fri, 03 Jan 2025 15:31:44 +0530 https://www.taxtmi.com/acts?id=47008