Capital Account Transaction
Legal definition for Indian law research
Definition
Capital account transaction, means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, and includes transactions referred to in sub-s. (3) of s. 6. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2(e)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.