Nro & nre accounts

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Kishan L. Agarwal (Querist)
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11 January 2014 An NRI is having NRE account and wants to invest fund in stock market as also wants to lend money to an India friend. On completion of transactions, he wants to repartriate the funds. What are requirements and limitations of doing so?

Will there be any difference if the NRI operates through NRO account?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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13 January 2014 Investments in stock market is permitted subject to certain conditions, however loan to friend is not permitted.

Anuj
femaquery@gmail.com

Kishan L. Agarwal

Kishan L. Agarwal (Querist)
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13 January 2014 WHAT ARE THE CONDITIONS AND HOW THE MONEY FROM NRE & NRO ACCOUNTS CAN BE REPARTRIATED?

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