What is the difference between Partner Capital Account and Partner Current Account?
53 Views|Posted 9 years ago
Asked by Ankit Raj
1 Answer
Answered by
9 years ago
Current account shows current year current year transactions and capital account shows both current transactions relating to businessman and initial capital of businessman.
According to FEMA Act 2000 , " There is no restrictions on holding or exchanging of foreign currency under Current Account . Bu
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