Mr. Rohan, an Indian Resident individual desires to obtain Foreign Exchange for the following purposes: a)US$ 1,
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Question:
Mr. Rohan, an Indian Resident individual desires to obtain Foreign Exchange for the following purposes:
a)US$ 1, 20,000for studies abroad on the basis of estimates given by the foreign university.
b)Gift Remittance amounting to US$ 10,000.
Advise him whether he can get Foreign Exchange and if so, under what condition(s)?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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