Remittances

REMITTANCES

REMITTANCES BY RESIDENTS

 When a resident wants to remit funds towards purchase a foreign security, towards education abroad, employment abroad, Immigration, maintenance of close relatives, medical treatment abroad, donation, gift etc, he may choose any of the following options:

The resident will have to follow certain procedures, give declarations to do the remittances.

Click here to know those procedures and options for remittances by residents.

REMITTANCES BY NON-RESIDENTS

When a NRI / PIO wants to remit funds which are repatriation of the funds invested earlier eligible for repatriation, his incomes which are already subjected to tax, sale proceeds of assets acquired by self or received as gift, inheritance etc., he can do so under any of the following options:

  • Remittances from NRE accounts
  • USD 1,000,000 Scheme
  • Remittances of income post tax

The NRI / PIO will have to follow certain procedures, give declarations to do the remittances.

Click here to know those procedures and options for remittances by residents.