Foreign Exchange Management (Export of Goods & Services) Regulation 2015 Notified ! -What a Freelancer Must Know !

Most of tech savvy freelancers who are earning money on various job sites provides services . In commercial language , what they do is exporting the services from India . Doing web development or programming codes or miscellaneous online jobs . All of them who gets payments in foreign exchange must take note of the fact that a new rules affecting the condition of compliance under FEMA has been notified by the  Reserve Bank of India that regulates compliance under Foreign Exchange Management Act ( FEMA ) The new regulation called Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 (FEM(Export of Goods & Services) 2015 )has been notified on 12/01/2016 in the Gazzette of India the  new  . While most of the rules may not be applicable to a freelance service provider , two rules must be taken care of :

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