"25 February 1985" Archive

Circular No. 411-Income Tax dated 25-2-1985

Circular No. 411-Income Tax 25/02/1985

Circular No. 411-Income Tax The provisions of section 6 of Wealth-tax Act, read with section 10(4A) of the Income-tax Act, allow exemption from wealth-tax on the moneys lying to the credit in a Non-resident (External) [NRE] Account belonging to a person resident outside India within the meaning of section 2(q) of the Foreign Exchange Regu...

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