Posted by: sajalshakya October 26, 2023
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Would the previous NRN limit (2 ropani in ktm, 4 katha in terai etc) still be applicable or is it now the same हदबन्दी that is applicable to regular citizens?
Would NRN s still need to obtain an authorization from Ministry of Foreign Affairs to purchase property?
Bank accounts -Only NRN account linked to foreign account as before or can local currency account be opened as well now with this new "citizenship"
PAN card - do NRN citizens need one and if yes, how would they apply for. PAN card? How would taxation work if large amounts of local currency is received by NRN citizens from the sale of ancestral property? Can NRNs put that local money in a bank, and will bank report the amount to the NRNs country of citizenship ?
Would NRN s still need to obtain an authorization from Ministry of Foreign Affairs to purchase property?
Bank accounts -Only NRN account linked to foreign account as before or can local currency account be opened as well now with this new "citizenship"
PAN card - do NRN citizens need one and if yes, how would they apply for. PAN card? How would taxation work if large amounts of local currency is received by NRN citizens from the sale of ancestral property? Can NRNs put that local money in a bank, and will bank report the amount to the NRNs country of citizenship ?