Repatriation of Funds in India
Remittance of income like rent, dividend, pension, interest, sale proceeds on sale of the property, etc. of NRIs/PIO is freely allowed, on the basis of appropriate certification by a Chartered Accountant certifying that the amount proposed to be remitted is eligible for remittance and that applicable taxes have been paid / provided for.
A Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) may remit an amount up to USD one million, per financial year.
We are very familiar with the repatriation of funds by NRIs. We have been dealing with NRIs over the years. We undertake services such as consultancy, certification, and correspondence with the Banker.