Expatriate- want to withdraw his money from indian bank
This query is : Resolved
kashika gulati
(Querist)
29 December 2015
One of our expatriate client (working in co.) went away from India 2 years back n now claiming his balance credited amount with Indian bank.
Please provide me the exact procedure How to withdraw his claimed amount from the authorized bank?
Is 15CA/CB form to be filled for this remittance?
Please provide me the exact procedure How to withdraw his claimed amount from the authorized bank?
Is 15CA/CB form to be filled for this remittance?
Amol S Joglekar
(Expert)
29 December 2015
If the money is in INR form in NRO or NRE account, he can withdraw directly. No need to have any form like 15 CA or CB
CA R SEETHARAMAN
(Expert)
29 December 2015
The amount kept in NRO account can be repatriated after paying all taxes and filing 15CA and 15CB.
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