15 ca & cb
This query is : Resolved
24 August 2017
Dear Sir,
One foreign national sold property in India, and deposited entire consideration Rs. 49 Lakhs in his NRO account. but he not paid income Tax .
Now he wants to repatriate funds to outside India.
can we issue 15 CA & CB for this purpose.
can he repatriate without paying Tax?
One foreign national sold property in India, and deposited entire consideration Rs. 49 Lakhs in his NRO account. but he not paid income Tax .
Now he wants to repatriate funds to outside India.
can we issue 15 CA & CB for this purpose.
can he repatriate without paying Tax?
CA R SEETHARAMAN
(Expert)
24 August 2017
Check full TDS u/s 195 might have been deducted. If not he has to pay tax before repartitioning. 15CB to be issued after payment of taxes.
CA R SEETHARAMAN
(Expert)
25 August 2017
Pay applicable taxes with interest.
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