https://www.taxtmi.com/circulars?id=11137 Remittance facilities under FEMA permit NRIs/PIOs and certain foreign nationals to remit current income, sale proceeds of assets and salary subject to documentation, tax compliance and Authorised Dealer bank satisfaction. Repatriation of sale proceeds requires evidence of acquisition/inheritance, an undertaking by the remitter and a Chartered Accountant certificate in prescribed formats. Specified annual repatriation limits and nationality based exclusions apply. Authorised Dealer banks must obtain and preserve declarations, ensure transactions do not contravene FEMA, and report suspected contraventions to the Reserve Bank. en-us Fri, 01 Jul 2011 00:00:00 +0530 Fri, 01 Jul 2011 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11137 Remittance facilities under FEMA permit NRIs/PIOs and certain foreign nationals to remit current income, sale proceeds of assets and salary subject to documentation, tax compliance and Authorised Dealer bank satisfaction. Repatriation of sale proceeds requires evidence of acquisition/inheritance, an undertaking by the remitter and a Chartered Accountant certificate in prescribed formats. Specified annual repatriation limits and nationality based exclusions apply. Authorised Dealer banks must obtain and preserve declarations, ensure transactions do not contravene FEMA, and report suspected contraventions to the Reserve Bank. Circulars FEMA Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11137