CURRENT INCOME REPATRIATION
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The current income like rent, income, pension, divident, interest etc which is credited to NRO account is presently allowed to be repatriated.
RBI (under FEMA 1999) has since permitted authorized dealers to allow repatriation of such current income even if the NRI do not have NRO account in India, based on the appropriate certification by a Chartered Accountant.
It should be certified that the amount proposed to be remmitted is eligible for repatriation and the applicable taxes have been paid/provided for.
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