I make the following remittances during the year :
1) I make an expenditure of $2 lacs for foreign travel on 15th June 2021 and expenditure of $ 1.5 lacs for medical expenses on 15th December 2021.
2) I make an expenditure of $1.5 lacs for medical expenses on 15th June 2021 and expenditure of $ 2 lacs for travel on 15th December 2021.
These are the only remittances by me during the year in the aforementioned unrelated cases.
So will there arise any difference between the two transactions in terms of reporting and seeking RBI permission for exceeding limit?
Dear CA Finalist
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