Form 15ca

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2014 One of my friend is an NRI, sold the property on 10-03-2014, date of acquisition of the property is 16-2-2004.
The NRI received the full consideration without tax deduction.
my doubt is, who has to submit form 15CA and 15CB the buyer or the NRI?

Amol S Joglekar

Amol S Joglekar (Expert)
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13 March 2014 The person remitting funds outside india.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2014 Thank you sir,
The NRI has to transfer this amount from NRO A/c to NRE A/c for which he has to give form 15CA to bank. I want to know whether he is the remitter as well as the receiver or the buyer of the property is the remitter? Please clear my doubt.

Amol S Joglekar

Amol S Joglekar (Expert)
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14 March 2014 Seller has received the money in NRO account. Now seller is transferring the funds. So, now, remitter is seller.

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