Q: Can money be transferred from NRO to NRE account?
A: No, money cannot be transferred from NRO account to NRE account. Money even by error if transferred from NRE account to NRO account, it cannot be transferred back to NRE account.
Q: Can money be transferred from NRE account to NRO account?
A: Yes; money can be freely transferred from NRE account to NRO account.
Q: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?
A: In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...
Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?
A: Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favor of an Indian citizen or...
Q: How to repatriate sale amount from inherited securities to the US?
A: Actually NRI’s can repatriate all current income like dividends, interest, rent, mutual fund income without any limit as long as taxes have been paid. However, sale proceeds of shares is not in the...
Q: How to send money abroad from NRO account?
A: In addition to your pension, current income such as dividends, rental income is also repatriable as long as taxes have been paid on such income.
Limit to remit funds per financial year is USD 1...
Q: Can Indian resident deposit rent payable to NRI in NRO account?
A: Yes, your tenant can rent in NRIs NRO account by using a cheque issued to him in your name or through online banking. Furthermore NRO account can also be held by NRIs as a ‘Joint Account’ with an...
Q: How to repatriate interest money from India to USA?
A: The easiest way to repatriate funds from India to the United States is to transfer funds abroad through your NRE account.
Current income such as interest on deposits, dividend earned from shares,...
Q: Can gold jewelry be taken on the transfer of residence?
A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods.
The only duty-free allowance that can be availed when it comes...
Q: Can NRI deposit money from the sale of property directly to NRE account?
A: Money cannot be directly deposited to an NRE account. Sale proceeds must first be deposited in your NRO account.
After the money is deposited in the NRO account, to transfer the money to NRE...