Question
Identify whether the following transactions will be classified as Current or Capital account transactions also please provide reasons for same. (A).An american insurance company invests
Identify whether the following transactions will be classified as Current or Capital account transactions also please provide reasons for same.
(A).An american insurance company invests in a property in India and pays out of its bank account kept in Delhi?
(B) An Indian citizen enjoys a meal at a restaurant in England and pays with her HDFC credit card ?
(C) A UK immigrant living in Pune sends a cheque drawn from his Pune bank account as a gift to his parents living in London ?
(D) An Indian professional is hired by an Italian company for consulting and gets paid from the Indian bank account maintained by the French company?
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