Earning in dollars? New FEMA rules from October 1: How freelancers and YouTubers need to file EDF declaration with banks
New Delhi, Oct. 3 -- If you are a freelancer, content creator, YouTuber, influencer, consultant, or agency in India and earn money from overseas clients or entities, a new foreign-exchange reporting requirement may affect how you document those earnings.
The Reserve Bank of India's new Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 came into effect on 1 October 2026.
The regulations require an exporter of services to submit an Export Declaration Form (EDF) declaring the full value of services exported. For services other than software, the Authorised Dealer (AD) in the domestic tariff area is the specified authority. Here's what you need to know.
The requirement is relevant to people exporting s...
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