Tax problems of non-resident Indians repatriated from Kuwait

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..... may like to go back once the situation in the Gulf region stabilises. Taking into account the peculiar and difficult circumstances under which non-resident Indians have been compelled to return to India, the Reserve Bank of India have decided to permit them to continue to maintain their NRE/ FCNR Accounts in banks in India and to maintain their foreign currency accounts and assets abroad up to 3 .....

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..... would be eligible for the exemption under section 10(4)(ii) of the Income-tax Act, 1961, in respect of such accounts maintained up to 31st March, 1991. (Sd.) K.M. Sultan, Officer on Special Duty (TPL). - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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