Repatriation of current income permitted for NRIs on Chartered Accountant certification ensuring eligibility and tax compliance. Authorised dealers may permit repatriation of current income of NRIs (such as rent, dividend, pension, interest) even if the NRI lacks an NRO account, on the basis of a Chartered Accountant's certification that the remitted amount is eligible and that applicable taxes have been paid or provided for; dealers must notify constituents and implement the measure under the Foreign Exchange Management Act, 1999.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repatriation of current income permitted for NRIs on Chartered Accountant certification ensuring eligibility and tax compliance.
Authorised dealers may permit repatriation of current income of NRIs (such as rent, dividend, pension, interest) even if the NRI lacks an NRO account, on the basis of a Chartered Accountant's certification that the remitted amount is eligible and that applicable taxes have been paid or provided for; dealers must notify constituents and implement the measure under the Foreign Exchange Management Act, 1999.
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