What are some common mistakes to avoid when operating an NRO account? What are some common mistakes to avoid when operating an SAO account?
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nro sao
- What are the reporting requirements for SAO accounts? Are NRO and SAO accounts subject to FATCA regulations?
- Are there any charges for receiving paper statements for NRO/SAO accounts? What is the frequency of statements for NRO/SAO accounts?
- Can I make local payments from my NRO account? Can I make local payments from my SAO account?
- Can I deposit foreign currency directly into an NRO account?
- What are the documentation requirements for NRI loans in India? Can I use my NRO/SAO account to pay my loan EMIs in India?
- How does the duration of stay in India affect the tax liability of an NRI?
- How are NRO accounts treated under FEMA regulations? How are SAO accounts treated under FEMA regulations?
- How do banks determine the reportable status of NRO/SAO account holders under FATCA/CRS?
- Can I open a trading account with a foreign broker to invest in Indian markets as an NRI?
- What are the interest rates on loans for NRIs in India?
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