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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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[Omitted] Permission to a Person Resident Outside India to enter into Currency Futures or Exchange Traded Currency Options

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.... into Currency Futures or Exchange Traded Currency Options 5B ^3[****]     ****************** NOTES:- 1.  Inserted vide Notification No. FEMA 303/2014-RB dated 21-05-2014, w.e.f. 21-05-2014. 2. Substituted vide Notification No. 378/RB-2016 - Dated 25-10-2016, w.e.f. 25-10-2016 before it was read as, ^1[Permission to a person re....

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Full Text of the Document

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....FEMA.398/RB-2020 dated 18-02-2020 before it was read as " ^2[5B Permission to a person resident outside India to enter into exchange traded currency derivatives A person resident outside India who is exposed to Rupee currency risk arising out of: (i) a permitted current account transaction or (ii) a Rupee denominated asset held by him or a Rupee denominated liab....