30 March 2015
it is transferred for what purpose...
Querist :
Anonymous
Querist :
Anonymous
(Querist)
31 March 2015
Person A is an NRI, his father died last year.
Now he wants to transfer all the deposits (FD) which is in the name of his father as well as of his mother, which is in India (NRO) to his NRE account.
Whether we should calculate tax on such transfer ? What rate if yes ?