See Rule 3 - Transactions which are prohibited
X X X X Extracts X X X X
X X X X Extracts X X X X
....come from racing/riding, etc. or any other hobby. 3. Remittance for purchase of lottery tickets, banned/ prescribed magazines, football pools, sweepstakes, etc. 4. Payments of commission on exports made towards equity investment in joint ventures/wholly owned subsidiaries abroad of Indian companies. 5. Remittance of dividend by any company to which the requirement of dividend balancing is....
TaxTMI