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 -
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
All the contents of article are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision. Kamdar Desai & Patel hereby excludes any warranty, express or implied, as to the quality, accuracy, timeliness, completeness, performance, fitness for a particular purpose of the Site or any of its contents, including (but not limited) to any financial tools contained within the article. Kamdar Desai & Patel will not be liable for any damages (including, without limitation, damages for loss of business projects, or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this article, or any of its contents, or from any action taken (or refrained from being taken) as a result of using this article or any such contents. Kamdar Desai & Patel makes no warranty that the contents of the article are free from infection by viruses or anything else which has contaminating or destructive properties.
