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    <title>Liberalised remittances facilities to NRIs/PIO and Foreign Nationals</title>
    <link>https://www.taxtmi.com/circulars?id=2057</link>
    <description>The circular permits NRIs, PIOs and specified foreign nationals to repatriate India-held assets and proceeds for bonafide purposes, subject to documentary proof of acquisition, an undertaking and tax-compliance certification. Eligible funds include sale proceeds of immovable property, inherited assets, bank deposits, provident/superannuation balances, insurance maturities, and sale proceeds of securities. Repatriation must be routed through authorised dealers and banking channels; multiple instalments must use the same dealer. A 10-year holding requirement applies to immovable property acquired from rupee funds unless proceeds are traceably retained or reinvested; no lock-in applies to inherited or foreign-currency acquired property.</description>
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    <pubDate>Sat, 31 Jan 2004 00:00:00 +0530</pubDate>
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      <title>Liberalised remittances facilities to NRIs/PIO and Foreign Nationals</title>
      <link>https://www.taxtmi.com/circulars?id=2057</link>
      <description>The circular permits NRIs, PIOs and specified foreign nationals to repatriate India-held assets and proceeds for bonafide purposes, subject to documentary proof of acquisition, an undertaking and tax-compliance certification. Eligible funds include sale proceeds of immovable property, inherited assets, bank deposits, provident/superannuation balances, insurance maturities, and sale proceeds of securities. Repatriation must be routed through authorised dealers and banking channels; multiple instalments must use the same dealer. A 10-year holding requirement applies to immovable property acquired from rupee funds unless proceeds are traceably retained or reinvested; no lock-in applies to inherited or foreign-currency acquired property.</description>
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      <pubDate>Sat, 31 Jan 2004 00:00:00 +0530</pubDate>
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