TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Guidelines for NRO Accounts Under FEMA 1999: Key Details on Transactions, Remittances, and Compliance for Non-Residents.</h1> The Master Circular on Non-Resident Ordinary Rupee (NRO) Accounts outlines the regulations and guidelines for managing NRO accounts as per the Foreign Exchange Management Act (FEMA), 1999. It consolidates existing instructions and is valid for one year, after which it will be updated. NRO accounts can be opened by individuals residing outside India for legitimate transactions in Indian Rupees. The circular details permissible credits and debits, remittance limits, and conditions for joint accounts, loans, and overdrafts. It also specifies the treatment of accounts when the holder's residency status changes and provides guidelines for tax compliance and operational instructions for authorized banks.
TaxTMI 
TaxTMI 
