Repatriation of INR income permitted subject to applicable regulatory guidelines and tax provisions from SRVA balances. Income arising on an INR balance in a Special Rupee Vostro Account (SRVA) is capable of repatriation, but only in accordance with applicable regulatory ... Summary
Repatriation of INR income permitted subject to applicable regulatory guidelines and tax provisions from SRVA balances.
Income arising on an INR balance in a Special Rupee Vostro Account (SRVA) is capable of repatriation, but only in accordance with applicable regulatory guidelines and tax provisions; repatriation requires compliance with foreign exchange controls, prescribed procedural conditions and fulfillment of domestic tax obligations prior to transfer.
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