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Which transactions are considered as current account transactions under FEMA?
  • a)
    Expenses in connection with foreign travel, education, and medical care
  • b)
    Transfer of foreign securities by Indian residents
  • c)
    Purchase of immovable property outside India
  • d)
    Repayment of loans from foreign countries
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which transactions are considered as current account transactions unde...
Current account transactions under FEMA include expenses in connection with foreign travel, education, and medical care of individuals and their family members. These transactions do not have any restrictions and can be freely carried out.
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Which transactions are considered as current account transactions under FEMA?a)Expenses in connection with foreign travel, education, and medical careb)Transfer of foreign securities by Indian residentsc)Purchase of immovable property outside Indiad)Repayment of loans from foreign countriesCorrect answer is option 'A'. Can you explain this answer?
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Which transactions are considered as current account transactions under FEMA?a)Expenses in connection with foreign travel, education, and medical careb)Transfer of foreign securities by Indian residentsc)Purchase of immovable property outside Indiad)Repayment of loans from foreign countriesCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which transactions are considered as current account transactions under FEMA?a)Expenses in connection with foreign travel, education, and medical careb)Transfer of foreign securities by Indian residentsc)Purchase of immovable property outside Indiad)Repayment of loans from foreign countriesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which transactions are considered as current account transactions under FEMA?a)Expenses in connection with foreign travel, education, and medical careb)Transfer of foreign securities by Indian residentsc)Purchase of immovable property outside Indiad)Repayment of loans from foreign countriesCorrect answer is option 'A'. Can you explain this answer?.
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