As per Foreign exchange management act, remmittance of interest income on funds held in Non resident special ruppee (account ) scheme is prohibited.
which are these accounts ?
For what purpose these are used ?
Menu
Non resident special ruppee accounts
Replies (1)
To simplify the banking operations of NRI in India, they can open Non Resident special rupee account in India.
This account are in Indian currency and can be used to make local transactions in India. It is as good as saving account.
However they are not allowed to remit funds from this account to abroad.
This account are in Indian currency and can be used to make local transactions in India. It is as good as saving account.
However they are not allowed to remit funds from this account to abroad.
Recent Topic
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
Related Topics
CAclubindia
