NRI and Repatriation

This query is : Resolved

rmalhotra (Querist)
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19 January 2023 Sir,
Being a NRI , on its maturity I recently closed my PPF a/c and total outstanding balance amount was credited to my NRO a/c by the bank .as maturity amount is not taxable in India. It was tax free.
Now I want to repatriate whole corpus of that PPF amount thus credited from my NRO a/c to my overseas a/c in US..
Query is as under.

1. Can I repatriate this total corpus of PPF amount to my overseas a/c
2. Is there any taxation on its repatriation from NRO a/c.
3. Can I repatriate under head D of Form 15CA as Not Taxable Amount.

Pls guide on above points

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 January 2023 1 yes.
2 No.
3 yes but 15CB required from a CA that it's an exempt income

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 January 2023 1 yes.
2 No.
3 yes but 15CB required from a CA that it's an exempt income

rmalhotra

rmalhotra (Querist)
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20 January 2023 Thank you very much Sir for your clear authentic precisely guiding replies, You are excellent professional.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 January 2023 You are welcome......

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