Nri queries
This query is : Resolved
Nilesh Mehta
(Querist)
23 August 2017
I need following clarification-
1. In case of NRI, any restrictions for remitting fund from India to his/her foreign account?
2. Procedure of remitting fund in NRI account and any permissions to be taken?
3. If I(resident) send any remittance as a gift to NRI, whether the said remittance will come under limit of 2.5 lac dollar in a financial year?
4. Is there any permissions required if it doesn’t come under allowed remittance scheme?
5. In case of funds in NRI’s Indian account, if funds are to be remitted from Indian bank account to foreign bank account, what is the formality and the permissions required?
6. Do we need to convert existing Domestic saving account to NRE/NRO account?
1. In case of NRI, any restrictions for remitting fund from India to his/her foreign account?
2. Procedure of remitting fund in NRI account and any permissions to be taken?
3. If I(resident) send any remittance as a gift to NRI, whether the said remittance will come under limit of 2.5 lac dollar in a financial year?
4. Is there any permissions required if it doesn’t come under allowed remittance scheme?
5. In case of funds in NRI’s Indian account, if funds are to be remitted from Indian bank account to foreign bank account, what is the formality and the permissions required?
6. Do we need to convert existing Domestic saving account to NRE/NRO account?
Nilesh Mehta
(Querist)
28 August 2017
Friends
can you Pls Help me.
it is urgent
can you Pls Help me.
it is urgent
Dhirajlal Rambhia
(Expert)
15 October 2021
1. Yes, but Under the Liberalised Remittance Scheme, all resident individuals are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transactions.
2. No.
3. Yes.
4. Yes, from RBI.
5. From NRE account none. But from NRO account Form 15ca with 15cb through any CA.
6. yes, to NRO acc.
2. No.
3. Yes.
4. Yes, from RBI.
5. From NRE account none. But from NRO account Form 15ca with 15cb through any CA.
6. yes, to NRO acc.
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