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5/8/2018Income Tax Department FEM (FOREIGN CURRENCY ACCOUNTS BY A PERSON RESIDENT IN INDIA) REGULATIONS, 2015 NOTIFICATION NO.FEMA 10(R)/2015RB /GSR 96(E), DATED 2112016In exercise of the powers conferred
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FEM acquisition and transfer refers to the process of acquiring or transferring ownership of foreign exchange assets.
Individuals or entities that acquire or transfer foreign exchange assets are required to file FEM acquisition and transfer.
To fill out FEM acquisition and transfer, individuals or entities need to provide detailed information about the foreign exchange assets being acquired or transferred.
The purpose of FEM acquisition and transfer is to monitor and regulate the movement of foreign exchange assets to ensure compliance with regulations.
The information that must be reported on FEM acquisition and transfer includes details of the foreign exchange assets, the parties involved in the acquisition or transfer, and the purpose of the transactions.
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