Form 15ca and 15cb query!!!

Dear friends,

An NRI who doesnt have pan in India wants to remmit(transfer) money from his bank account in India to bank account in singapore to purchase a property there. He settled there with IC card.

 

How to do this transfer?? Pls guide me.. Form 15CA and 15CB is required by the bank.. What are the steps???

Step 1 : Obtain a certificate from a Chartered Accountant in Form No 15CB Step 2:Furnish the information in Form No15CA Step 3:Electronically upload Form 15CA on the designated website Step 4:Take Print out of Form 15CA and file a signed copy Step 5:Remit money to the Non Resident Please note that all the above steps have to be undertaken before remittance of money to the non-resident

this form is available at tin-nsdl.com

Agreed with Tejas.

Thanks friend.. And but that NRI do not have pan card in India. Is it mandatory???

whilr filling form 15CA AND 15CB if mentioning of PAN is mandatory then PAN card is mandatory otherwise it is not required

well explained Tejas!

 

 

Got a question...as per recent RBI guidelines now NRO funds can be transferred to NRE account provided it is approved by CA in Form 15CA and 15 CB...

My question is that since funds will be transferred from one account to another account so is it that both payee and receipient of the funds is the same person? Or payee is bank and receipient is self.

Big confusion...can anyone give some expert advice. Appreciate it.

 

PAN card mandatory for form 15cb/ca compliance.