Whether 15cb is mandatory for transfering funds from his NRO account to NRE account?
Whether TDS is deductible on funds transfered?
Prasobhkumar R.
(Chief Operating Officer)
(67 Points)
Replied 23 June 2015
The fact is that, when you create a fixded deposit from NRE, then it will be accounted to his NRO and later when you dispose that Fixed deposit, the amount can be reinstated in the NRE account.
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