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Can income earned on Portfolio Investment be remitted abroad?

April 26, 2017abroad earned income Investment portfolio remitted

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Can income earned on Portfolio Investment be remitted abroad?

3 Answers

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Income such as interest and dividend earned by NRI from portfolio investments acquired whether on repatriation basis or on Non-repatriation basis, can be remitted abroad provided applicable taxes have been deducted/paid However capital gains can be repatriated only if investment is on repatriable basis.

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As an NRI, you can remit your income such as interest and dividend from your portfolio investments acquired whether on repatriation basis or on non- repatriation basis, provided you have paid applicable taxes. However capital gains can be repatriated only if investment is on Repatriable basis.

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Posted

Income such as interest and dividend earned by NRI from portfolio investments acquired whether on repatriation basis or on Non- repatriation basis, can be remitted abroad provided applicable taxes have been deducted/paid. However capital gains can be repatriated only if investment is on repatriable basis.