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>Master Circular on NRO Accounts: Guidelines for Banks on Deposits, Credits, Debits, and Remittances under FEMA 1999.</h1> The Master Circular on Non-Resident Ordinary Rupee (NRO) Account consolidates existing regulations for NRO accounts under the Foreign Exchange Management Act (FEMA), 1999. It provides guidelines for authorized banks on accepting deposits from non-residents, detailing eligibility, account types, permissible credits and debits, and remittance of assets. It also covers account operations by power of attorney, issuance of international credit cards, and tax compliance. Specific rules apply to account holders from Bangladesh and Pakistan, and for foreign nationals visiting India. The circular is periodically updated with new instructions and serves as a reference for authorized banks.
TaxTMI 
TaxTMI 
