fwd contract in currency

tushar (Querist) 04 August 2014 This query is : Resolved
Yes bank offers premium rupee plan.. It's type of investment for NRI which takes forward contract in currency. As money paid and remitted in NRE account is returns will be exempt from tax

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Devajyoti Barman (Expert) 04 August 2014
what the heck is this?

ajay sethi (Expert) 05 August 2014
ask your tax consultant

Rajendra K Goyal (Expert) 05 August 2014
Academic query with incomplete information, consult Bank officials / site.

T. Kalaiselvan, Advocate (Expert) 07 August 2014
This is a investment oriented issue offered by the concerned bank, see the brochures/pamphlets offer advises and conditions and then decide about what is to be done, consult a financial consultant of the bank for further details.

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