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FCNR

Question tag: FCNR 114 Questions

0 Votes 1 Ans

Back to Top of Index Question-135: What about tax benefits on funds held in FCNR accounts ?

accounts Benefits FCNR funds held index tax

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Can an FCNR deposit in one currency be converted to a deposit in another currency?

converted currency deposit FCNR

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Is interest earned on NRE/NRNR/FCNR/NRO a/cs. taxable ?

earned FCNR NRE NRNR nro taxable

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Are there any charges while remitting the FCNR proceeds abroad?

abroad Charges FCNR proceeds remitting

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Can FCNR(B) receipt be issued against Rupee Draft purchased from Exchange Houses with whom UBI has Rupee Drawing Arrangements?

draft exchange FCNR houses issued RECEIPT rupee UBI

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Can proceeds of NRNR be issued as FCNR(B)?

FCNR issued NRNR proceeds

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Can the investment income on investment out of loans / over draft against the securities of NRE / FCNR deposits be repatriated ?

deposits draft FCNR income Investment Loans NRE repatriated securities

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In order to facilitate the opening of an NRE/FCNR account, are the NRIs permitted to utilize the funds of NRO accounts?

account facilitate FCNR funds NRE NRIs opening permitted utilize

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What is the tenure for which I can open a NRE and FCNR Deposits?

deposits FCNR NRE tenure

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What are tax-concessions available to NRIs on balances / deposits held under NRE/FCNR(B) accounts ?

accounts balances deposits FCNR held NRE NRIs

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Whether Nepalese/Bhutanese settled in a country of External Group can open NRE/FCNR (B) account?

bhutanese country external FCNR group Nepalese NRE settled

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What is the number of house property, purchased by NRI/PIO out of funds remitted through normal banking channel or funds held in his NRE/FCNR (B) account, sale proceed of which may repatriated?

Banking FCNR funds House normal NRE NRI PIO Property remitted

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What is the advantage of keeping my money in a FCNR account?

account advantage FCNR keeping money

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Can proceeds of FCNR be withdrawn in Foreign Currency/FCTC ?

currency FCNR fctc foreign proceeds withdrawn

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Are the funds in the FCNR Deposit account taxable?

account deposit FCNR funds taxable

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Is there any lock in period for sale of residential/commercial property purchased out of inward remittance/debit to NRE/FCNR(B) account?

Commercial Debit FCNR for sale inward lock NRE period Property remittance Residential

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Foreign currency non resident (FCNR) account Who can open an account?

account currency FCNR foreign resident

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What is the maximum period of maturity for a FCNR term deposit account?

account deposit FCNR maturity maximum period term

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Are there any stipulations regarding maturity of a FCNR account?

account FCNR maturity stipulations

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Whether concessional rate of interest is applicable when a loan against FCNR(B) deposit is repaid in foreign currency?

applicable concessional currency deposit FCNR foreign loan rate repaid

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