Remittance of inherited assets: permitted for eligible foreign nationals and NRIs subject to annual limit and tax clearance. Authorised dealers may permit remittance out of assets in India acquired by inheritance or legacy by foreign citizens (excluding Nepal and Bhutan), Non Resident Indians and Persons of Indian Origin up to the enhanced ceiling per calendar year on production of documentary evidence of acquisition and a tax clearance/No Objection Certificate from the Income Tax authority; where remittance is in instalments, all instalments must be routed through the same authorised dealer.
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.
Remittance of inherited assets: permitted for eligible foreign nationals and NRIs subject to annual limit and tax clearance.
Authorised dealers may permit remittance out of assets in India acquired by inheritance or legacy by foreign citizens (excluding Nepal and Bhutan), Non Resident Indians and Persons of Indian Origin up to the enhanced ceiling per calendar year on production of documentary evidence of acquisition and a tax clearance/No Objection Certificate from the Income Tax authority; where remittance is in instalments, all instalments must be routed through the same authorised dealer.
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