How funds can be remitted outside India?

 In

For NRE accounts: Transfer of funds from an NRE is freely permitted, subject to payment of taxes, as applicable.

For NRO accounts: Transfer of funds is permitted within the overall ceiling of USD one million or equivalent per financial year (April – March), subject to payment of taxes, as applicable. You need to submit Form 15CA (online application form) and 15CB (Chartered Accountant Application) to your Branch for transferring funds.

Recent Posts

Start typing and press Enter to search