NRI Guide

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FEMA Guidelines For Outward Remittance

Every country has its own guidelines on the money going in and going out. This includes India which is a country...

What Happens When You Declare Money At Customs?

International traveler need to mandatory undergo customs check while traveling through international passages and...

How To Exchange Indian Rupee To US Dollar In USA

With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...

Checklist For Travelling To USA From India

Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...

Temporary Green Card Travel Restrictions

Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...

How To Repatriate Money From NRO Account?

Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...



Ask, Answer & Discover

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Q: Can sale proceeds of such property if and when sold be remitted out of India?

A: In respect of residential properties purchased on or after 26th May 1993, Reserve Bank considers applications for repatriation of sale proceeds up to the consideration amount remitted in foreign...

Q: Can such property be sold without the permission of RBI?

A: Yes. RBI has granted general permission for sale of such property. However, where the property is purchased by another foreign citizen of Indian origin, funds towards the purchase consideration...

Q: Whom can NRI transfer by way of sale his agricultural land/plantation property/farm house in India?

A: Under the general permission available NRI/PIO may transfer by way of sale his agricultural land/plantation property/farm house in India to a person resident in India who is a citizen of India.

Q: Whom can an NRI sale/transfer property in India?

A: An NRI can sell/ transfer the property in India to a citizen of India or NRI or foreign national of Indian origin.

Q: How does NRI dematerialize securities purchased while she/he was resident?

A: As per FEMA rules, NRI must regularize his/her holdings to reflect the change of status - in this case, bring them to 'Non-Resident' status. For this, NRI must submit (if not already submitted to...

Q: What are the procedures to be followed in respect of investments in securities in case person resident in India becomes NRI?

A: On becoming an NRI, a new depository account with appropriate NRI status is to be opened and all the balances held in an account with 'Resident' status should be transferred to the account with NRI...