FEMA
This query is : Resolved
07 May 2011
Hi!
If a person is leaving India for employment then he will be person residing outside India as per FEMA.
Now, he will be in receipt of rent from property in India. So whether he will be required to convert his account in India to NRO Account.
If a person is leaving India for employment then he will be person residing outside India as per FEMA.
Now, he will be in receipt of rent from property in India. So whether he will be required to convert his account in India to NRO Account.
CA. Anuj Gupta
(Expert)
08 May 2011
Yes the person shall become NON-resident under FEMA and shall be required to convert his account to NRO.
Anuj
0-9810106211
Anuj
0-9810106211
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