{"id":2676,"date":"2020-06-23T20:53:32","date_gmt":"2020-06-23T20:53:32","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=2676"},"modified":"2026-01-24T18:41:40","modified_gmt":"2026-01-24T18:41:40","slug":"money-transfers-of-non-repatriable-earnings-and-nro-a-c","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/","title":{"rendered":"Money transfers of non-repatriable earnings and NRO A\/c"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3462\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/06\/FAQ-on-Applicability-of-Income-Tax-Provision-to-NRIs.jpg\" alt=\"FAQ on Applicability of Income Tax Provision to NRI's\" width=\"1132\" height=\"634\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea57fa94432\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea57fa94432\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Money_transfersrepatriation_of_non-repatriable_earnings_and_NRO_Account_available_balances\" title=\"Money transfers\/repatriation of non-repatriable earnings and NRO Account available balances:\">Money transfers\/repatriation of non-repatriable earnings and NRO Account available balances:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Non-resident_Indians_are_required_to_remit_specific_salaries_and_principal_sums_that_have_not_been_repatriated_to_far_outside_India_These_would_be_the_following\" title=\"Non-resident Indians are required to remit specific salaries and principal sums that have not been repatriated to far outside India. These would be the following:\">Non-resident Indians are required to remit specific salaries and principal sums that have not been repatriated to far outside India. These would be the following:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Repatriation_of_previously_non-repatriable_money_such_as_rent_NGO_tax_tax_on_loansdeposits_etc\" title=\"Repatriation of previously non-repatriable money, such as rent, NGO tax; tax on loans\/deposits, etc.\">Repatriation of previously non-repatriable money, such as rent, NGO tax; tax on loans\/deposits, etc.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Sale_of_household_property_funds_raised\" title=\"Sale of household property funds raised:\">Sale of household property funds raised:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Balances_kept_in_a_non-resident_non-repatriable_account_NRNR\" title=\"Balances kept in a non-resident non-repatriable account (NRNR):\">Balances kept in a non-resident non-repatriable account (NRNR):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#NGO_repatriation_balance_up_to_US_1_million\" title=\"NGO repatriation balance up to US$ 1 million:\">NGO repatriation balance up to US$ 1 million:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Precautions_NRIs_Must_Take_After_Returning_to_India\" title=\"Precautions NRIs Must Take After Returning to India\">Precautions NRIs Must Take After Returning to India<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Determine_Your_Residential_Status_MOST_Crucial_Step\" title=\"Determine Your Residential Status (MOST Crucial Step)\">Determine Your Residential Status (MOST Crucial Step)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Why_Residential_Status_Matters\" title=\"Why Residential Status Matters\">Why Residential Status Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#ROR\" title=\"ROR\">ROR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#RNOR_NR\" title=\"RNOR &amp; NR\">RNOR &amp; NR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#After_Becoming_ROR_%E2%86%92_These_Become_Taxable_in_India\" title=\"After Becoming ROR \u2192 These Become Taxable in India\">After Becoming ROR \u2192 These Become Taxable in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Mandatory_Foreign_Asset_Disclosure_Schedule_FA\" title=\"Mandatory Foreign Asset Disclosure (Schedule FA)\">Mandatory Foreign Asset Disclosure (Schedule FA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Non-disclosure_consequences_Black_Money_Act_2015\" title=\"Non-disclosure consequences (Black Money Act, 2015):\">Non-disclosure consequences (Black Money Act, 2015):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Update_NRI_Bank_Accounts_Post-Return\" title=\"Update NRI Bank Accounts Post-Return\">Update NRI Bank Accounts Post-Return<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Capital_Gains_Planning_Important_for_Returning_NRIs\" title=\"Capital Gains Planning (Important for Returning NRIs)\">Capital Gains Planning (Important for Returning NRIs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.caindelhiindia.com\/blog\/money-transfers-of-non-repatriable-earnings-and-nro-a-c\/#Summary_for_Returning_NRIs\" title=\"Summary for Returning NRIs\">Summary for Returning NRIs<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Money_transfersrepatriation_of_non-repatriable_earnings_and_NRO_Account_available_balances\"><\/span><span style=\"color: #333399;\">Money transfers\/repatriation of non-repatriable earnings and NRO Account available balances:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>While under the FEMA Act, 1999, NRI&#8217;s non-repatriable current earnings, like rental, dividends, insurance, Interest on NRO investment, etc. attributed to the NRO account, is now completely repatriable subject to reasonable tax payment\/deduction. NRIs that do not hold an NRO account is also given such facilities.<\/p>\n<p>In every financial year, a non-resident Indian [NRI], as well as a Person of Indian Origin [PIO], may also liquidate up to US$ 1 million out of the sum retained in the NRO account. These amount in NRO accounts liable for repatriation may have been proceeds of selling of immovable property;<\/p>\n<p>Assets gained by inheritance\/legacies; NRO investments in a bank or company; the balance of the Provident Fund or Superannuation benefits; the sum of premiums on insurance premium or maturities; proceeds from the sale of stocks, securities; balance retained with partnerships or sole proprietor organizations, etc.<\/p>\n<p>Money transfers shall be permitted for any lawful reason or solely on the grounds of repatriation outside India.<\/p>\n<p>We provide hybrid repatriation advisory services that would include: &#8211;<\/p>\n<ol>\n<li>Collection of the Actual Facts Position.<\/li>\n<li>Information and relevant documents (as per Annexure A which is mentioned below)<\/li>\n<li>Chartered Accountants in India Certificate, i.e., 15CA and 15CB certificates, as required by law for taxation purposes.<\/li>\n<li>sufficient follow-up with financial institutions<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Non-resident_Indians_are_required_to_remit_specific_salaries_and_principal_sums_that_have_not_been_repatriated_to_far_outside_India_These_would_be_the_following\"><\/span><span style=\"color: #333399;\"><strong>Non-resident Indians are required to remit specific salaries and principal sums that have not been repatriated to far outside India. These would be the following:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Repatriation_of_previously_non-repatriable_money_such_as_rent_NGO_tax_tax_on_loansdeposits_etc\"><\/span><strong><span style=\"color: #333399;\">Repatriation of previously non-repatriable money, such as rent, NGO tax; tax on loans\/deposits, etc.<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ol>\n<ul>\n<li>The Foreign Exchange Regulations Act, 1973, laid out specific guidelines and procedures for repatriation of almost all income produced in India which was listed as non-repatriable. This included rental profits, corporate interest, the share of joint firms, interest on debts, etc.<\/li>\n<li>The Foreign Exchange Management Act, 1999 did not lay down a specific clause in this regard, although the provisions of the Foreign Exchange Management (Deposit) Regulations, 2000, clearly state &#8216;remittance outside India of the current income of the account holder net of the applicable taxes.&#8217;<\/li>\n<li>Consequently, the Indian Reserve Bank empty circular is dated. 14 May 2002 clarified\/advised the banker to allow the repatriation of NRI&#8217;s current income, such as rent, dividend, pension, interest, etc., from the NRO account and\/or credit of such income to the NRE account and, in the case of NRIs that may not be maintained by the NRO account, RBI directed to obtain the prescribed certificate :<\/li>\n<li>Suitable certificate of the Chartered Accountant certifying the eligibility of the planned remittances and<\/li>\n<li>In fact, certifying that the necessary tax has been compensated\/provided for.<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Sale_of_household_property_funds_raised\"><\/span><span style=\"color: #333399;\"><strong>Sale of household property funds raised:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ol>\n<ul>\n<li>Selling proceeds of household properties were, until then, repatriable to the sum of foreign currency equal purchasing price\/acquisition rate, given that the NRI had purchased such properties and retained such property for a period of 3 years and had acquired the same proceeds from balances kept in Non-Resident Local (NRE)\/Foreign Currency Non-Repatriable (FCNR) or by foreign exchange remittances from abroad.<\/li>\n<li>The requirement for a minimum holding period of 3 years has been removed by the RBI. Any event of selling house land, regardless of the length of the possession, would be liable for repatriation benefits subject only to limitations on repatriation of 2 residential properties.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Balances_kept_in_a_non-resident_non-repatriable_account_NRNR\"><\/span><strong><span style=\"color: #333399;\">Balances kept in a non-resident non-repatriable account (NRNR):<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ol>\n<ul>\n<li>By then, the total amount of the deposit kept in the Non-Resident Non-Repatriable (NRNR) account was non-repatriable.<\/li>\n<li>The sum of interest gained from the tax allowance as well as full repatriation.<\/li>\n<li>all balances in the NRNR account were granted the benefit of repatriation.<\/li>\n<li>As a consequence, earnings from deposits reaching maturity on or after 1 April 2002 will be credited to the Non-Resident External Account (NRE) of the owner of the NRI account, which may be held as such or shifted to the Foreign Currency Non-Resident Account or remitted\/repatriated abroad.<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>\n<h4><span class=\"ez-toc-section\" id=\"NGO_repatriation_balance_up_to_US_1_million\"><\/span><span style=\"color: #333399;\"><strong>NGO repatriation balance up to US$ 1 million:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ol>\n<ul>\n<li>NRIs are permitted to repatriate\/return abroad up to US$ 1 million per financial year out of the amount kept in the Non-Resident Ordinary Account [NRO], which is, per se, non-repatriable.<\/li>\n<li>This amount was to be made out of valid transactions allowed at the appropriate time under the foreign exchange legislation applicable to the FERA Act, 1973, and the FEMA Act, 1999<\/li>\n<li>NRIs requesting repatriation is required to apply to the authorized dealer in particular ways, along with documentation respecting the origins of the NGO balances and paying the tax in place, as well as the Chartered Accountant&#8217;s Certificate of regulatory compliance necessary and payments respectively.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Precautions_NRIs_Must_Take_After_Returning_to_India\"><\/span><span style=\"color: #000080;\"><strong>Precautions NRIs Must Take After Returning to India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>\n<p>When an NRI returns to India temporarily or permanently, one of the <em>most overlooked areas<\/em> is the change in taxability and foreign asset compliance.<br \/>\nHere\u2019s a clear guide every returning NRI should follow<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Determine_Your_Residential_Status_MOST_Crucial_Step\"><\/span><span style=\"color: #000080;\"><strong>Determine Your Residential Status (MOST Crucial Step)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Residential status depends <strong>only on physical presence<\/strong>, not on visa\/OCI\/passport. You can fall into one of these categories:<\/p>\n<ul>\n<li>Resident &amp; Ordinarily Resident (ROR): Full resident. Global income taxable.<\/li>\n<li>Resident but Not Ordinarily Resident (RNOR): You qualify as RNOR if you were an NRI in 9 out of 10 preceding years OR you stayed in India \u2264 729 days in the last 7 years.<\/li>\n<li>RNOR = tax benefits + limited taxation<\/li>\n<li>Non-Resident (NR)\u2014Only\u00a0Indian income is taxable.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Why_Residential_Status_Matters\"><\/span><span style=\"color: #000080;\"><strong>Why Residential Status Matters<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Because TAXABILITY COMPLETELY CHANGES:<\/strong><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ROR\"><\/span><span style=\"color: #000080;\"><strong>ROR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u27a1 Global income taxable in India.<br \/>\n\u27a1 Foreign assets must be declared.<br \/>\n\u27a1 Stringent compliance applies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"RNOR_NR\"><\/span><span style=\"color: #000080;\"><strong>RNOR &amp; NR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u27a1 <em>Only<\/em> Indian income taxable.<br \/>\n\u27a1 Foreign income <em>not taxed<\/em> unless received in India.<br \/>\n\u27a1 Foreign assets <em>not reportable<\/em> in Schedule FA.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"After_Becoming_ROR_%E2%86%92_These_Become_Taxable_in_India\"><\/span><span style=\"color: #000080;\"><strong>After Becoming ROR \u2192 These Become Taxable in India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you turn ROR, the following are fully taxable:<\/p>\n<ul>\n<li>Salary earned abroad<\/li>\n<li>Rent from foreign property<\/li>\n<li>Dividend\/interest\/FD income abroad<\/li>\n<li>Capital gains on foreign stocks\/ETFs\/crypto<\/li>\n<li>Income retained in foreign bank accounts<\/li>\n<\/ul>\n<p>India taxes these under normal slabs; DTAA relief may apply.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mandatory_Foreign_Asset_Disclosure_Schedule_FA\"><\/span><span style=\"color: #000080;\"><strong>Mandatory Foreign Asset Disclosure (Schedule FA)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Once you become ROR, Schedule FA becomes compulsory.\u00a0 You must declare:<\/p>\n<ul>\n<li>Foreign bank accounts<\/li>\n<li>Insurance policies with cash value<\/li>\n<li>Foreign mutual funds, ESOPs, RSUs<\/li>\n<li>Property outside India<\/li>\n<li>Interest in foreign LLP\/company<\/li>\n<li>Beneficial ownership in foreign trusts\/entities<\/li>\n<li>Crypto on foreign exchanges<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Non-disclosure_consequences_Black_Money_Act_2015\"><\/span><span style=\"color: #000080;\"><strong>Non-disclosure consequences (Black Money Act, 2015):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>INR 10,00,000 penalty per asset<\/li>\n<li>Prosecution (up to 7 years)<\/li>\n<li>Applies even if income is small or NIL<\/li>\n<li><strong>Exemption: <\/strong>No penalty if total foreign asset value \u2264 \u20b920 lakh (except immovable property).<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Update_NRI_Bank_Accounts_Post-Return\"><\/span><span style=\"color: #000080;\"><strong>Update NRI Bank Accounts Post-Return<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>NRE Account : <span style=\"font-size: 16px;\">Tax-free interest <\/span>only till you are NRI\/RNOR<span style=\"font-size: 16px;\">. and <\/span><span style=\"font-size: 16px;\">After becoming <\/span>ROR<span style=\"font-size: 16px;\">, interest becomes <\/span>taxable<span style=\"font-size: 16px;\">, and the account must be converted to a Resident<\/span>\u00a0Rupee Account<span style=\"font-size: 16px;\">.<\/span><\/li>\n<li>FCNR Deposits : <span style=\"font-size: 16px;\">Can continue <\/span>till maturity<span style=\"font-size: 16px;\">, even after becoming a resident. &amp; <\/span><span style=\"font-size: 16px;\">After maturity \u2192 convert to RFC\/resident account.<\/span><\/li>\n<li>FEMA Update Required : Banks must be notified of your change in residential statu<strong>s<\/strong>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Capital_Gains_Planning_Important_for_Returning_NRIs\"><\/span><span style=\"color: #000080;\"><strong>Capital Gains Planning (Important for Returning NRIs)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As soon as you become ROR, <em>global capital gains become taxable<\/em>. During the RNOR period (limited window): You may restructure\/sell foreign assets tax-efficiently, &amp; gains on foreign assets are not taxable in India during RNOR (except income received in India). Consider DTAA country benefits (US, UAE, UK, etc.)<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Summary_for_Returning_NRIs\"><\/span><span style=\"color: #000080;\"><strong>Summary for Returning NRIs<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 160px;\" width=\"1062\">\n<tbody>\n<tr>\n<th>Status<\/th>\n<th>Tax on Global Income?<\/th>\n<th>Schedule FA Required?<\/th>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>NR<\/strong><\/th>\n<td>\u00a0No<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>RNOR<\/strong><\/th>\n<td>No<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>ROR<\/strong><\/th>\n<td>Yes<\/td>\n<td>\u00a0Yes (Mandatory)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p>We also support tax calculation assistance, tax payments, submitting of tax filings, and financial planning in this and many other matters through <span style=\"color: #333399;\"><strong>India Financial Consultancy Corporation Pvt Ltd. (IFCCL) (www.caindelhiindia.com).<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money transfers\/repatriation of non-repatriable earnings and NRO Account available balances: While under the FEMA Act, 1999, NRI&#8217;s non-repatriable current earnings, like rental, dividends, insurance, Interest on NRO investment, etc. attributed to the NRO account, is now completely repatriable subject to reasonable tax payment\/deduction. NRIs that do not hold an NRO account is also given such &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[623],"tags":[718],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2676"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=2676"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2676\/revisions"}],"predecessor-version":[{"id":2679,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2676\/revisions\/2679"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=2676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=2676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=2676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}