https://www.taxtmi.com/circulars?id=52867 The Circular consolidates FEMA rules permitting remittance of current income and repatriation of balances and sale proceeds by NRIs/PIOs and eligible foreign nationals through NRO/NRE/FCNR(B) accounts, subject to documentary evidence, income tax compliance and satisfaction of authorised dealers. It allows re designation of resident accounts as NRO accounts for departing foreign nationals to receive bona fide dues, prescribes limits and property specific repatriation rules for immovable property bought with foreign exchange, excludes specified nationalities from certain facilities, and requires AD Category I banks to implement controls, obtain declarations, and verify tax payment before permitting repatriation. en-us Tue, 01 Jul 2014 00:00:00 +0530 Wed, 25 Mar 2015 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52867 The Circular consolidates FEMA rules permitting remittance of current income and repatriation of balances and sale proceeds by NRIs/PIOs and eligible foreign nationals through NRO/NRE/FCNR(B) accounts, subject to documentary evidence, income tax compliance and satisfaction of authorised dealers. It allows re designation of resident accounts as NRO accounts for departing foreign nationals to receive bona fide dues, prescribes limits and property specific repatriation rules for immovable property bought with foreign exchange, excludes specified nationalities from certain facilities, and requires AD Category I banks to implement controls, obtain declarations, and verify tax payment before permitting repatriation. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52867