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
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)?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
