Gunjan Asked a Question
March 14, 2021 11:28 ampts 30 pts
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
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  • Rucha rajesh shingvekar
    Capital account and current account transactions constitute the fundamental concept of FEMA. Every transaction involving a non-resident and resident can be classified either as a c...
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  • रौनक thankyou
    Dear student A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. ... Potential lawsuits, product w...
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