Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

March 2015

A. P. (DIR Series) Circular No. 62 dated January 22, 2015

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
fiogf49gjkf0d
Notification No. FEMA. 328/2014-RB dated December 3, 2014 Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000 – Remittance of salary This circular clarifies as under: –

1. Facility available to an employee of a company under Regulation 7(8) of Notification No. FEMA 10 will also be available to an employee who is deputed to a group company in India.
2. The term ‘company’ referred to in the said regulation will include ‘Limited Liability Partnership’ as defined in the LLP Act, 2008.

Download PDF

You May Also Like

A. P. (DIR Series) Circular No. 61 dated January 22, 2015

Depreciation – Rate – Section 32 and R. 9B of I. T. Rules, 1962 – A. Y. 2010-11 – Broadcasting/ exhibition rights and satellite rights in feature films amount to distribution rights – Assessee entitled to 100% depreciation –