Repatriation limits for non-residents govern remittance from NRO/NRE accounts and sale proceeds, subject to tax compliance. Consolidates FEMA instructions on remittance facilities for NRIs, PIOs and foreign nationals, defining eligibility and bank duties; permits repatriation of current income and sale proceeds from NRO/NRE/FCNR(B) accounts subject to tax compliance, documentary evidence and bank verification; prescribes annual repatriation limits with specified exclusions and RBI permission requirements for certain property proceeds; addresses re-designation of resident accounts, student and salary remittances, mandatory tax undertakings, and issuance of international credit cards to eligible non-residents.
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 limits for non-residents govern remittance from NRO/NRE accounts and sale proceeds, subject to tax compliance.
Consolidates FEMA instructions on remittance facilities for NRIs, PIOs and foreign nationals, defining eligibility and bank duties; permits repatriation of current income and sale proceeds from NRO/NRE/FCNR(B) accounts subject to tax compliance, documentary evidence and bank verification; prescribes annual repatriation limits with specified exclusions and RBI permission requirements for certain property proceeds; addresses re-designation of resident accounts, student and salary remittances, mandatory tax undertakings, and issuance of international credit cards to eligible non-residents.
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