Remittance entitlement for NRIs allows yearly transfers from NRO balances and inherited assets subject to documentation and tax clearance. Regulation 4(3) is rephrased to allow an NRI/PIO to remit up to the annual ceiling from NRO balances, sale proceeds, or assets acquired by inheritance/legacy upon production of documentary evidence and a tax clearance/no objection certificate; remittance under a parental or close relative settlement requires the original deed and tax clearance; sale proceeds of immovable property acquired otherwise are remittable only if held as eligible investments for at least ten years; multiple instalments must be made 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 entitlement for NRIs allows yearly transfers from NRO balances and inherited assets subject to documentation and tax clearance.
Regulation 4(3) is rephrased to allow an NRI/PIO to remit up to the annual ceiling from NRO balances, sale proceeds, or assets acquired by inheritance/legacy upon production of documentary evidence and a tax clearance/no objection certificate; remittance under a parental or close relative settlement requires the original deed and tax clearance; sale proceeds of immovable property acquired otherwise are remittable only if held as eligible investments for at least ten years; multiple instalments must be made through the same Authorised Dealer.
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