Repatriation of money to india by nri
This query is : Resolved
JAY THAKKAR
(Querist)
12 December 2013
A NRI wants to bring money into India for investing in India. In relation to this my question is:-
1)Now i just wanted to know whether there is any maximum limit to such transfer to India.
2)What are the legal formalities that are required to be fulfilled as per RBI/ FEMA norms.
3)Also what are procedure as per Income Tax Act.
From where should i get these details i mean which books should i refer.
Kindly help me.
Thanks. :)
1)Now i just wanted to know whether there is any maximum limit to such transfer to India.
2)What are the legal formalities that are required to be fulfilled as per RBI/ FEMA norms.
3)Also what are procedure as per Income Tax Act.
From where should i get these details i mean which books should i refer.
Kindly help me.
Thanks. :)
Ajay Mishra
(Expert)
12 December 2013
confirm, It is investment in company or other.
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