TMI Blogbenificiary remitanceX X X X Extracts X X X X X X X X Extracts X X X X ..... A RESIDENT INDIAN MADE BY FOREIGN NATIOAL AS BENEFICIARY IN A BANK ACCOUNT AND AFTER HIS DEMISE THE BANKER OF FOREIGN NATIONAL WISHES TO TRANSFER THE FUND, AND COMPLETE HIS LEGAL OBLIGATION. NOW WHATS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THE OBLIGATION OF RESIDENT INDIAN AND WHATS THE PROCEDURE TO MAINTAIN THIS REMITANCE IF COME TO RESIDENT FOREIGN CURRENCY DOMESTIC ACCOUNT OF RESIDENT INDIAN. IS THIS CORRECT OR OTHERWISE WHATS PROVI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SION OF FEMA AND TAXATION ATTRACT AND PROCEDURE TO BE FOLLOWED. - Reply By Surender Gupta - The Reply = As per the provisions of FOREIGN EXCHANGE MANAGEMENT (FOREIGN CURRENCY ACCOUNTS BY A PERSON R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ESIDENT IN INDIA) REGULATIONS, 2000 , a person being resident in India can not hold foreign currency account except the situations permitted in these regulations. Further, please go to the sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 6 of the FEMA , which permits holding of foreign exchange acquired in lieu of inheritance. - Reply By RAMDEO KAKRA - The Reply = THANKS MR.GUPTA HOWEVER PL. NOTE THAT A RESIDENT HAVE R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IGHT TO OPEN DOMESTIC A/C IN FOREIGN CURRENCY. I RECD.PROFESSIONAL FEE IN US DOLLER AND WITH THAT AMOUNT I OPENED IT THIS A/C WITH MY HDFC BANK. - benificiary remitance - Query Started By: - RAMDE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... O KAKRA Dated:- 29-9-2010 FEMA - Foreign Exchange Management - Got 2 Replies - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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