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FEMA

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(Querist)
19 January 2009 What is capital account transaction?
what is current account transssation?
Distingiush between them.
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CS Vivek Hegde

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CS Vivek Hegde (Expert)
19 January 2009 Naseem

u can see sec 6 of FEMA.

The main defference is, CAPITAL ACCOUNT TRANSACTIONS make changes in assets and liabilities of the parties to the transaction whereas current a/c transactions not.
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CS Arpita Rajpurohit

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CS Arpita Rajpurohit (Expert)
19 January 2009 i agree with mr. vivek.
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