FEMA - PROVISIONS » FEMA - PROVISIONS
FEMA - PROVISIONS
NRIs returning to India for permanent settlement can freely continue to hold assets abroad and can also hold foreign currency accounts in India.
NRIs returning home are granted the benefit of "keeping the cake and eating it too". Returning NRis can freely continue to hold overseas movable as also immovable assets, can maintain foreign currency accounts in India, can also earn tax free income in India as also abroad.