14 March 2019
Query : I was a FEMA and IT Non Resident from 2012-13 till 31-03-2017. I had earned X USD as Non Resident. I still hold those assets abroad as permitted by Section 6 of FEMA. I now want to make fresh investments overseas. Can I use the USD lying in my overseas A/cs or do I have to compulsorily remit USD under Liberalised Remittance Scheme through my Indian Bank A/cs.
CAclubindia
