Question

 Interest income earned on investments made by NRIs in India on non-repatriation basis ____

A cannot be repatriated at all Correct Answer Incorrect Answer
B cannot be repatriated in full Correct Answer Incorrect Answer
C only net Interest income (after tax) can be repatriated Correct Answer Incorrect Answer
D Can be repatriated after a lock in period of 5 years Correct Answer Incorrect Answer
E can be repatriated after 2 years Correct Answer Incorrect Answer

Solution

 " Income/interest earned on investments held in India by NRIs on non- repatriation basis is allowed to be repatriated subject to payment of Taxes and submission of necessary documents". As such only net interest (after payment of taxes) can be repatriated.

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