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Any single remittance under the scheme should not exceed USD 2,500/- or its
equivalent.
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Not more than 12 remittances should be received by a single recipient through
the principal in a calendar year.
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Payment to the beneficiaries in India shall be made in Indian Rupees on the
basis of on going exchange rates.
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All remittances of Rs. 50,000/- and more should be paid only by way of Bankers
cheque /PO/ DD or by direct credit to the account of the beneficiary.
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In case of foreign tourists, the entire amount of the remittance could be paid
in cash irrespective of the amount. Full record of such transactions should be
kept for scrutiny by the Auditors/Inspectors.
Tax Implication
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