20 May 2022
i taken residency of other country and opened company and personal bank account. i will not stay in india to be nri. but now i have to transfer funds from my india account to new country account.
banker say that i can transfer without updating nri status also. because he say that status change takes time and i will not able to transfer when changing status for 1 week or more.
is that okay? if i send money from my personal india to foreign personal account? i come in 30% tax category and always paid. but will it generate some inquiry from it deprtment? because it is not nri status in bank.
banker also say i can change nri in account when i come to india in 1-2 mnths.
20 May 2022
Upto 7 lacs you can transfer without TDS. For urgent requirement you can transfer with TDS. TDS you can get refund by filing ITR Wait and Transfer money as NRI.
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