J B Goel
(Querist) 18 November 2011
This query is : Resolved
As rate of interest on NRE account is just 4% pa, a NRI wants to transfer his proceeds from his NRE account to NRO account(Term Deposit with a Bank).Is there is any restrictions on such transfers and what is Tax liability in case proceeds from NRO Acount is repatriated back to foreign country. J B Goel
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