Capital account transaction a transaction which alerts the assets and liabilities including contingent liabilities outside india of person restdent t india or a

Capital Account Transaction A transaction which alerts the assets and liabilities including contingent liabilities outside India of person restdent t India or assets or liabilities in lndia of person resident Outside India would be Capital Account transaction5. The Reserve Bank of India may be place restrictions on various specified transactions deemed to be considered as capital in Nature. Current Account Transaction Current Account means a transaction other than capital account transaction. In other word the current account basically relating profit and Loss Account is called current account transactions. Ie 7665435300