Question

Is NRI remittance a current transfer?If not, why not?​

Answer 1

NRIs must convert all their resident bank accounts to non-resident (ordinary) or NRO or non-resident external or NRE account. Also, any interest income earned from a bank account (except interest from NRE account which is tax-free) shall be included in the income tax return of the first holder of the account....

please follow me and mark me brainliest....