No. There are no taxes on money transferred from India to UK in India.   Avoid Double Taxes on money transferred from India to UK However, In order to avoid tax implications in the UK, you need to declare the source of income in the UK. NRIs in the UK must consult their CPA (Certified […]

There is no limit to repatriate funds from FCNR accounts as it is fully and freely repatriable FD account. As this account is opened in a foreign currency, there is no risk for fluctuations in currency conversion, which makes it safer than other NRI fixed deposits.     https://youtu.be/ntX1UqlQhUk   What is an FCNR Account? […]

There is no limit to repatriate funds from NRE accounts as it is fully and freely repatriable from India. NRE Deposits are tax-free in India as NRE Accounts are meant to maintain the income earned outside India.     https://www.youtube.com/watch?v=0fbmZJln31g&t=1s   Can you transfer funds from NRO to NRE Account? Yes. You can transfer funds […]

The process of repatriation of funds from NRI Accounts are: Accounts Process Limit NRE 1. ONLINE:  Internet banking for outward remittance (sending money to your overseas account from your NRE account) 2. OFFLINE: Fill these 2 forms.  (You can get them at the bank branch or download them online, sign them and send them to […]

No. There are no taxes on money transferred from India to the US in India.   Avoid Double Taxes on money transferred from India to the US However, In order to avoid tax implications in the USA, you need to declare the source of income in the US. NRIs in the USA must consult their […]

You can send money from India to UK from either of your NRI Accounts. The taxes on sending money from India to UK depends on the type of account chosen.   Taxes on sending money from India to UK based on the account chosen: NRE: The NRE account can be opened for the purpose of […]

Yes, the repatriation of funds in the NRE Account can be done easily. Funds in the NRE accounts of NRIs (both principal amount and the interest earned on the deposit) are fully and freely repatriable outside India.   What is Repatriation? Repatriation refers to the transfer of funds (both principal amount and the interest earned […]

Yes. NRIs can repatriate the balance in their NRO account (only current income such as rent & pension and other income where taxes are not deducted at source).   Although, the funds are not freely repatriable. The Reserve Bank of India (RBI) allows NRIs to remit up to USD 1 million per financial year from […]

Yes. Funds in FCNR deposits (both principal amount and the interest earned on the deposit) are fully and freely repatriable outside India. The FCNR Deposit lets you earn tax-free interest on most of the major globally tradable foreign currencies such as USD, GBP, EUR, JPY, AUD, CAD, SGD, HKD, and others.   What is Repatriation? […]

Repatriation refers to the transfer of funds (both principal amount and the interest earned on the deposit) from any of the NRI Accounts [NRE/NRO/FCNR (B)] from India to the overseas bank account of the NRI in his/her country of residence.     The process of repatriation of funds from India to USA through your NRI […]