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What Are The Responsibilities Vis A Vis Investments In Shares, Debentures Etc For A Non Resident Indian? |
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Answer» Companies wherein the NON- resident is HOLDING investments in shares, debenture bonds or other securities must be informed about the CHANGE of residential status and new overseas address. INCOME on such investments can be freely repatriated outside INDIA net of Indian taxes. Companies wherein the non- resident is holding investments in shares, debenture bonds or other securities must be informed about the change of residential status and new overseas address. Income on such investments can be freely repatriated outside India net of Indian taxes. |
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