Other statutory compliances

Transfer of Funds from NRO to NRE accounts in India

Transfer of funds from NRO to NRE account is permitted without any restriction to the extent of USD 1 million per calendar year once the applicable tax on the Income is duly paid.

This is fairly simple process and the documents to be submitted for the purpose of remittance is-

  • Declaration from Remitter
  • Certificate from Chartered Accountant
  • Declaration and undertaking as per FEMA

Write to our experts on fema@kdpaccountants.com if you need any clarification.


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