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 Foreign Exchange Deposit Rules Define NRI and PIO Accounts, Effective April 1, 2016.</h1> The Foreign Exchange Management (Deposit) Regulations, 2016, supersede previous regulations to manage deposits between residents and non-residents of India. Key definitions include 'Deposit,' 'Non-resident Indian (NRI),' and 'Person of Indian Origin (PIO).' The regulations outline permissible accounts like Non-Resident (External) Account (NRE), Foreign Currency (Non-Resident) Account (FCNR(B)), and Non-Resident (Ordinary) Rupee (NRO) Account, detailing conditions for opening, maintaining, and operating these accounts. They also address the acceptance of deposits by Indian entities from NRIs and PIOs and the operations allowed under Power of Attorney. The regulations became effective on April 1, 2016.
TaxTMI 
TaxTMI 
