Golf Learning Facilities/Driving Range ITC Classic Golf Resort Golf Learning Facilities/Driving Range Golden Greens Golf Club
Golf Learning Facilities/Driving Range Chandigarh Golf Academy Golf Learning Facilities/Driving Range AKDR Golf Village Golf Learning Facilities/Driving Range Touche Golf Academy Golf Learning Facilities/Driving Range Kalhaar Blues and Greens Balances are remittable up to USD 1 (one) million per financial year (April-March) along with their other eligible assets. Not repatriable except for all current income. Only interest is fully repatriable after tax deduction. Principal and interest are fully repatriable.
Tax is currently deducted at source at 30% +CESS, subject to DTAA. Interest earned on this account is taxable in India.
However, interest earned may be subject to tax in the country of residence of the customer.Likewise balances held in such accounts are exempt from wealth tax. Income from interest on balances standing to the credit of NRE Accounts is exempt from Income Tax.With two or more NRIs/ PIOs or with a resident relative on 'former or survivor' basis as Power of Attorney holder.Ĭalculated on daily balances and paid quarterly Useful to manage your income earned in India such as rent, dividends, pension.įunds can be transferred from overseas or any other NRE/FCNR account with any bank in India.įunds can be transferred from overseas/domestic bank account in India**/NRE/NRO/FCNR account with any bank in India.Useful for your foreign income earned outside India to earn tax-free interest.
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