Back to Top of Index Question-55: Are incomes/interest earned on investments/deposits held in India by NRIs on non-repatriation basis allowed to be repatriated ?
Yes. Incomes/interest earned during the financial year 1994-95 and onwards on investments held by NRIs with non-repatriation benefits will be eligible for repatriation as under: • Upto US$ 1000 or its equivalent in full and one-third of the balance income earned during the financial year 1994-95. • Upto US$ 1000 or its equivalent in full and two-third of the balance income earned during the financial year 1995-96. • The entire income earned during the financial year 1996-97 and onwards. Note: The investment/principal amount of deposits made/held on non-repatria- tion basis will, however,not be allowed to be repatriated abroad.
Related Questions
- Are those funds in the form of incomes/interest earned on investments/deposits held in India by NRIs on a non-repatriable basis qualify for free repatriation to the place of residence of the NRI?
- Back to Top of Index Question-55: Are incomes/interest earned on investments/deposits held in India by NRIs on non-repatriation basis allowed to be repatriated ?
- Is the income/ interest earned on investments/ deposits held in India by NRIs on non-repatriation basis allowed to be repatriated?
