Repatriation of profits from india
Muthuraman (CA Practice ) (22 Points)
12 April 2017Muthuraman (CA Practice ) (22 Points)
12 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 13 April 2017
First of all she should have updated her status with all the agencies including Bank/s as Foreign citizen/ NRI as the case may be.
As per RBI regulations she can withdraw/transfer upto 1 million USD per financial year.
More details at: https://www.rbi.org.in/scriptts/FAQView.aspx?Id=23
For general formalities a bank letter is attached
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