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Tax Haven For Returning Indians Via RFC Account

[RFC account of a Returning NRI and Investment Abroad]

Resident Foreign Currency A/c is the best solution for all those NRIs who are now permanently coming back to India. The FCNR A/c as also NRE A/c of the Non-Resident Indian while coming back to India permanently should be immediately converted into Resident Foreign Currency A/c (RFC) to achieve the best investment planning.

 

As per para 5A a resident individual may open, hold and maintain a Resident Foreign Currency (Domestic) A/c regarding certain receipts and shall not bear any interest.

 
RFC account of a Returning NRI and Investment Abroad
1. Introduction - RFC Account Of A Returning NRI And Investment Abroad
2. Opening, Holding And Maintaining A Resident Foreign Currency (RFC) Account
3. Tax Haven For Returning Indians Via RFC Account
4. Exchange Earner’s Foreign Currency (EEFC) Account
5. Direct Investment Outside India By A Returning NRI Or A Resident In India
 
 
 
 
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