Can I receive remittances in foreign currency into my SAO account? What are the permissible debits from an NRO account?
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nro sao
- Can I set up standing instructions for payments from my NRO account?
- How does the duration of stay in India affect the tax liability of an NRI?
- What is the Digital Life Certificate for pensioners and how does it relate to NRO/SAO accounts?
- What are the reasons for potential delays in processing NRO/SAO account transactions?
- Can I use my international credit/debit card for transactions in India if I have an NRO/SAO account?
- Can an NRO account be converted into an SAO account?
- Are there any transaction limits for online purchases made from NRO/SAO accounts? What are the security features for online transactions using NRO/SAO accounts?
- What are the nominee rules for SAO accounts?
- Can an NRI have both NRO and SAO accounts? Under what circumstances would an NRI choose an NRO account over an SAO account?
- What are the reporting requirements under FCRA for recipients of foreign contributions? What are the Know Your Customer (KYC) requirements for opening and operating NRO/SAO accounts?
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