alleryStart learning →Section 9 exempts foreign exchange acquired before which date?
A15 August 1947
B8 July 1947
C26 January 1950
D1 April 1973
Answer & Solution
Correct answer: B. 8 July 1947
Section 9(c) covers foreign exchange acquired or received before the 8th day of July, 1947, held abroad with RBI permission.
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