FEMA Rules 2000 - Current Account Transactions in case of Birthday Gift
Foreign Exchange Management (Current Account Transactions) Rules, 2000
Company Secretary Executive Program Solved Question and Answers
Naresh, an Indian Citizen, is interested in sending US $ 10000 to his sister residing in USA as a birthday gift [CS Executive program December 2009]
No approval is required upto the limits prescribed
Gfrt per remitter per annum - US $ 5000
Donation per donor per annum - US $ 5000