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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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September 2012

A. P. (DIR Series) Circular No. 132 dated 8th June, 2012 Money Transfer Service Scheme

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, a single individual beneficiary can receive for personal use upto 12 remittances not exceeding US $ 2,500 each in a calendar year.

This circular has increased the number of remittances that an individual can receive from 12 to 30. Thus, an individual can now receive for personal use upto 30 remittances each not exceeding $ 2,500 in a calendar year.

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September 2012

A. P. (DIR Series) Circular No. 132 dated 8th June, 2012 Money Transfer Service Scheme

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September 2012

A. P. (DIR Series) Circular No. 132 dated 8th June, 2012 Money Transfer Service Scheme

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You May Also Like

A. P. (DIR Series) Circular No. 131 dated 31st May, 2012

A. P. (DIR Series) Circular No. 133 dated 20th June, 2012