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TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... nch of the Appellate Tribunal; (e) capital account transaction means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, and includes transactions referred to in sub-section (3) of section 6 ; (f) Chairperson means the Chairperson of the Appellate Tribunal; (g) chartered accountant shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949); 2 [(gg) Competent Authority means the Authority appointed by the Central Government under sub-section (2) of section 37A ] (h) currency includes all currency notes, postal notes, pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd includes,- (i) deposits, credits and balances payable in any foreign currency, (ii) drafts, travellers cheques, letters of credit or bills of exchange, expressed or drawn in Indian currency but payable in any foreign currency, (iii) drafts, travellers cheques, letters of credit or bills of exchange drawn by banks, institutions or persons outside India, but payable in Indian currency; (o) foreign security means any security, in the form of shares, stocks, bonds, debentures or any other instrument denominated or expressed in foreign currency and includes securities expressed in foreign currency, but where redemption or any form of return such as interest or dividends is payable in Indian currency; (p) import , with its grammatical variatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de India for an uncertain period; (B) a person who has come to or stays in India, in either case, otherwise than- (a) for or on taking up employment in India, or (b) for carrying on in India a business or vocation in India, or (c) for any other purpose, in such circumstances as would indicate his intention to stay in India for an uncertain period; (ii) any person or body corporate registered or incorporated in India, (iii) an office, branch or agency in India owned or controlled by a person resident outside India, (iv) an office, branch or agency outside India owned or controlled by a person resident in India; (w) person resident outside India means a person who is not resident in India; (x) prescribed means prescribed by rules made under t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , financing, insurance, medical assistance, legal assistance, chit fund, real estate, transport, processing, supply of electrical or other energy, boarding or lodging or both, entertainment, amusement or the purveying of news or other information, but does not include the rendering of any service free of charge or under a contract of personal service; (zc) Special Director (Appeals) means an officer appointed under section 18; (zd) specify means to specify by regulations made under this Act and the expression specified shall be construed accordingly; (ze) transfer includes sale, purchase, exchange, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession of lien. ------------------ Notes:- # Inserted vide Notif ..... X X X X Extracts X X X X X X X X Extracts X X X X
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