15CA-15CB

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This discussion clarifies the tax implications of transferring funds from an NRO Fixed Deposit to an NRE account. Generally, transfers below £2.50 lacs are not taxable. You'll need to report this transaction in Part B of Form 15CA. Additionally, a Chartered Accountant's certificate (Form 15CB) is required for this process.

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(Querist)
01 February 2020 Respected Sir,
I have made NRO FD and now i want to transfer the same to NRE account so kindly suggest me weather it is taxable or not. further suggest that in which part of 15CA i have to report and certificate from CA is required or not.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 February 2020 Not taxable if it is within 2.50 lacs. Fill it in part B. CA certificate in 15CB required.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
03 February 2020 https://www.caclubindia.com/share_files/file_preview.asp?files_id=78940
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