Can an NRI become a resident for tax purposes in India? What are the criteria for determining tax residency in India?
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nro sao
- Can I repatriate funds from an NRO account?
- What is the tax rate applicable to interest earned on SAO accounts? Is TDS applicable on interest earned on NRO accounts?
- Who is authorized to operate an NRO/SAO account held by a trust or other entity? What are the reporting requirements for NRO/SAO accounts held by trusts or other entities?
- Are there any tax benefits for donations made from an NRO account?
- Can I deposit foreign currency directly into an SAO account? What types of funds can be deposited into an NRO account?
- What is the process for obtaining AD bank approval? How long does it typically take to get AD bank approval?
- How do NRO and SAO accounts facilitate financial management for NRIs?
- Are there any restrictions on the tenure of an SAO account? Can an SAO account be converted into an NRO account?
- How do NRO/SAO accounts facilitate the repatriation of investment profits?
- What are the implications of changes in the trustees or authorized signatories of an NRO/SAO account held by a trust? What are the rules regarding the closure of an NRO/SAO account held by a trust or other entity?
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