Advisory and Assistance for Remittances IN & OUT of India

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Advisory and Assistance for Remittances IN & OUT of India

While remitting funds into India, a proper channel of remittance needs to be followed for correct reporting. This step is very important for justification when these funds have to be repatriate back outside India.

NRIs are permitted to repatriate funds out of India to the extent of USD 1 million per calendar year once the applicable tax on the Income is duly paid.

The documents to be submitted for the purpose of remittance is -

  1. Declaration from Remitter
  2. Certificate from Chartered Accountant
  3. Declaration and undertaking as per FEMA

Our team is vastly experienced in advising and assisting NRIs on the remittances and respective compliances. If you need any clarification, ask our experts on fema@kdpaccountants.com

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