What is current account transaction?

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..... ; of the FEMA, current account transaction means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes: (i) pa .....

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..... dical care of parents, spouse and children Current account transactions are governed by section 5 of the Foreign Exchange Management Act, 1999 read with Foreign Exchange Management (Current Accou .....

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