Rules for NRIs Repatriating Investments
Автор: iNRI
Загружено: 2024-07-31
Просмотров: 1700
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Repatriation means transferring funds to a foreign country. Once you become an NRI, you must open a Non-Resident Ordinary (NRO), Non-Resident External (NRE), or Foreign Currency Non-Resident (FCNR-B) account in India.
NRO accounts are for funds earned in India, whereas NRE accounts keep your international income.
Repatriation is the process of transferring funds from your NRO account to your NRE account or to an account in your country of residence.
Only certain types of investments are eligible for repatriation. These include investments made through NRE accounts, FCNR accounts.
NRE and FCNR accounts have no repatriation limits whereas NRO accounts allow repatriation up to $1Mn per financial year.
NRIs can repatriate the following -
👉 Inherited assets
👉 Sale of assets in India
👉 Income earned from investments in India
👉 Income earned on such assets/ funds held in India before you move 👉abroad
👉 Rental income earned in India
👉 Funds that you transferred to India as overseas remittances
Here are our detailed blogs on -
NRI Repatriation 101 (https://www.goinri.com/blog/nri-repat...)
How does repatriation work for NRIs? (https://www.goinri.com/blog/how-does-...)
#repatriation #nrirepatriation #moneytransfer #nreaccount #nroaccount #fcnraccount
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