What are the formalities to be completed for repatriation?
A. Repatriation is permitted subject to payment of applicable taxes in India. Only net amount is repatriable. The person repatriating should submit a declaration addressed to the Assessing Officer having jurisdiction over the case. It should be certified by a Chartered Accountant and submitted to the authorized dealer(AD). In case NRI does not maintain NRO Account and has no taxable income in India ADs may allow remittances after obtaining a simple declaration, in duplicate, to the effect that he/she is not a tax payer in India. In case remittance is to be made in more than one installment, the same should be remitted through the same Authorised Dealer.
