Should an AD bank obtain a valid LEI for transactions less than INR 50 crore even if the customer has not done any transaction of INR 50 crore or above on or after October 1, 2022?
If you are sending money to India or receiving it from a foreign nation, a proper understanding of the applicable tax laws is essential. Over the years, several changes have been introduced to the Foreign Exchange Management Act (FEMA) of India and they have often been drastic
