Saturday , February 24, 2018 |   15:30:17 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
DTAA - Overseas remittances of 'pure reimbursement of expenses' between overseas AEs having no profit element, does not enshrines TDS liability: ITAT CBDT notifies India-Kenya DTAA (See Notifications' in Intl Taxation) TP - Auditor's report u/s 92E cannot be rejected in case of specified domestic transaction relating to 'sale of electricity', merely by presuming that captive power plant is not saleable to State Electricity Board: ITAT (See 'Breaking News') TP - Entity engaged in providing high-end services involving specialized knowledge & domain expertise, cannot be compared to captive service providers: ITAT (See 'Breaking News') TP - No separate adjustment should be made for interest on outstanding receivables from AEs, if working capital adjustment had been undertaken: ITAT (See 'Breaking News') TP - Tolerance range of (+/-)5% is applicable to arm's length price and not arm's length profitability: ITAT (See 'Breaking News') TP - Refund claimed in earlier AY can be adjusted against duty demand raised in current AY, for purposes of making TP adjustment: ITAT (See 'Breaking News') Changes in the business connection provision (See 'Edit') India-Kenya DTAA revised; tax rates reduced (See 'TII Brief') TP - Even if final assessment order is passed in contravention of statutory provision, then only course left for assessee to seek for remedy is to approach appropriate forum: ITAT (See 'Breaking News') Bank Frauds - Taxpayers tired to pay for 'New Civilisation'! (See 'THE COB(WEB)' in TIOL) I-T - No liason office of any foreign entity will constitute PE, if such office does not carries on any activity which is either incidental or auxilliary in nature: HC (See 'Breaking News') TP - No TP adjustment is warranted on shareholders corporate guarantee provided to the bank of AE, for purpose of business operations: ITAT (See 'Breaking News') I-T - Commission paid to non resident agents cannot be deemed as income accrued or arisen in India, warranting any TDS obligation u/s 195: ITAT (See 'Breaking News') I-T - Service tax collected on behalf of customers to be deposited to government's account, shall not form part of gross receipts for purpose of determining presumptive income: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >>
 

Exchange facility to foreign citizens
By TII
Jan 13, 2017 , New Delhi

    

A P (DIR Series)

CIRCULAR NO

24/RBI., Dated: January 3, 2017

Exchange facility to foreign citizens

Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of Rs 5000/- per week till December 15, 2016 and extended up to December 31, 2016 vide A.P. (DIR Series) Circular No. 22 dated December 16, 2016.

2. On a review it has been decided that the instructions contained in the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 shall continue to be in force till January 31, 2017.

3. Authorised Persons may follow the above instructions and bring the contents of this circular to the notice of their constituents.

4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

RBI/2016-17/208

(Shekhar Bhatnagar)
Chief General Manager-In-Charge

 
 
gmail login
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAAs
  • TIEAs
  • Circulars (I-T Act, 1922)
  • Circulars
  • Instructions
  • DRP Panel
  • Administrative Orders
  • Notifications
  • I-T Act, 1961
  • Relevant Portion of I-T Rules,1962
  • Relevant Portion of I-T Act,1922
  • GAAR
  • Equalisation Levy
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • Guidance Notes - AEOI
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Circulars
  • Instructions
  • Notifications
  • Relevant Sections of Act
  • TP Rules
  • Forms
  • Miscellaneous
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • RBI Circulars
  • FDI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • SEBI
  • Multimodal Transportation
  • Vienna Convention
  • NBFC Reports
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • CBR Act, 1963
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifcations
  • Types of Visa
  • Agreements
  • Arbitration
  • Model Text
  • Relevant Portion of I-T Act
  • Circulars
  • I-T Rules, 1962
  • MISC
  • Notifications
  • Subscribe
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2016 Taxindiainternational.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension