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Capital gain and funds trf to nri

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(Querist)
03 November 2013 I have a client of mine who is NRI. He sold his property in India in Last week. Purchaser of the Property Deducted 1% TDS on the property and give him the Cheque in INR. NRI Deposited the Cheque in his India Bank Account. Now he wants to take these funds to UK. In this case Both the REmitter and Remitee is the same So what is the process to b followed to transfer of funds??
Shall i need form 15CA and 15CB for that or any other alternative??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 November 2013 1. Yes the remitter and remittee shall be same.

2. Yes Form 15CA and 15CB are required.

for 15CA-15Cb requirements, refer:

https://buyerscredit.wordpress.com/2013/08/14/revised-forms-15ca-15cb-payment-to-non-resident/

The process of transfer of funds remain same as in any other case.
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Rahul Singhania

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Rahul Singhania (Expert)
03 November 2013 Agree with Expert,
form 15CA and 15CB required...
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Soniya

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Soniya (Querist)
03 November 2013 In Form 15 CA and 15CB TDs Details is to be given so what will be the TDS in this case??
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