What are the formalities for repatriation of such amounts?
Such amounts should normally be credited to the NRO account of the Non resident Indian. He should submit an undertaking and certificate from a Chartered Accountant that the income tax thereon has been paid / provided for / deducted. If the Non Resident does not have taxable income in India, he may submit a simple declaration that he/she is not a tax payer in India. Such declaration or certificate from the CA will be retained by the branch for submission to IT authorities.
