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Foreign Remittance & Income Tax

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CMA Omkar.TIlve

CMA Omkar.TIlve (Querist)
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08 January 2021 Client (NRI) sold property for Rs 58 lac.. Accordingly TDS of Rs 11.6 Lac was deducted and deposited.. Client want to remit balance to England.
Q1 Please let me know the procedure to remit money to UK (any specific scheme)
Q2 Please let me know the Income Tax Compliances to be followed

Thanks in Advance

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 January 2021 1 15CA and 15CB to be filed and copy given to bankers for remittance.
2 TDS deducted no further income tax compliance required for remittance.

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CMA Omkar.TIlve

CMA Omkar.TIlve (Querist)
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08 January 2021 Thank you so much sir

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