Individuals spared from new FEMA reporting requirement: RBI clarifies
Individuals undertaking forex transactions for personal purposes will not be covered by the Reserve Bank of India’s (RBI) new FEMA reporting requirements, Governor Sanjay Malhotra clarified on Wednesday, as concerns grew among freelancers, content creators and small service exporters. The RBI said it will soon issue a set of FAQs to clear the confusion surrounding…
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