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Remittance of Current
Income
Outbound remittance of current income from sources like rental
fees, bonus, annuity, interest and dividends is permitted to
NRIs and PIOs who do not hold an NRO account in India, subject
to
- A
certificate issued by a Chartered Accountant endorsing the
remitted amount as being eligible for transfer out of India.
- All
taxes due on the income have been duly paid.
NRIs
and PIOs also have the option of crediting their current
income from the sources mentioned above to their non-resident
account once applicable taxes are paid
International Credit
Cards
Banks are authorised to issue International Credit Cards to
NRIs and PIOs without seeking approval from the
RBI. |