Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Amendment) Regulations, 2002

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..... ust 26,2002 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 08.11.2002 - G.S.R. No. 755(E) In exercise of the powers conferred by clause (b) of Section 9 and clause(e) of sub-section(2) of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notification No.FEMA 10/2000- .....

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..... credit to the EEFC Account an amount upto the limit specified in column 2 thereof from out of the foreign exchange earnings specified in sub-paragraph(1A) namely; Entity/person Limit(per cent) 1. A Status Holder Exporter(as defined in EXIM Policy in force) 100 2. A resident in India for professional Services rendered in his individual capacity 100 3. 100 per cent Export Oriented Unit/s. Unit/s .....

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..... e (v) , the following clause shall be added, namely: '(vi) Professional earnings including director's fees, consultancy fees, lecture fees, honorarium and similar other earnings received by a professional by rendering services in his individual capacity' Sd/- (K.J.Udeshi) Executive Director - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

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