📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      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.

      Practice Next
      More Financial Management Questions
      ask-question