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Q. > Please Help: FEMA & I tax
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402 views • Question added Apr 10, 2013 • FEMA • By Amit Gupta , CA , Jammu


Mr X want to need some money in Australia and he is asking Mr Y a NRI in Australia to get that money transferred to Australia through his account in India and the moment Mr X arranges that money in Australia he will give that money back in Autralia to Mr Y which may return back to India. Can this transaction be entered into considering the FEMA & I Tax & do we need to take any precautions in this case.

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