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Important Amendments by The Finance (No. 2) Act, 2024 – Charitable Trusts
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Important Amendments by The Finance (No. 2) Act, 2024 – Capital Gains
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Important Amendments by The Finance (No. 2) Act, 2024 – Buy-Back of Shares
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Important Amendments by The Finance (No. 2) Act, 2024 – Re-Assessment Procedures
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Important Amendments by The Finance (No. 2) Act, 2024 – Block Assessment
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Legal Considerations for Start-Ups – Are you overlooking some?
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भारत पहले – 75 Year of Independence
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February 2010

Exchange Earner’s Foreign Currency (EEFC) Account – Clarification

By Pinky Shah
Sonalee Godbole
Gaurang Gandhi
Tarun Ghia
Nimesh Dedhia
Vijay Kewalramani
Chartered Accountants

Reading Time 1 mins

New Page 1

Part C:
FEMA

Given below are the highlights of certain RBI
circulars, press notes and notifications

32 A. P. (DIR Series) Circular No. 22, dated
December 29, 2009

Exchange Earner’s Foreign Currency (EEFC) Account –
Clarification

This circular clarifies that all categories of
foreign exchange earners, including SEZ developers, are allowed to credit up to
100% of their foreign exchange earnings to their EEFC Accounts.

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