NRI get transferred fund from his own Indian account to his foreign US account without any approval

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An NRI transferred funds from their Indian NRO account to a US account without needing prior approval from the Income Tax Department. While this is permissible, banks typically deduct Tax Deducted at Source (TDS). The NRI should obtain Form 16A from the bank and ensure Forms 15CA/15CB are filed to manage potential tax liabilities and reconcile any excess TDS.

Venkateshwarlu Pulluri

Venkateshwarlu Pulluri (Querist)
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11 August 2026 one NRI get transferred own fund from his own Indian account to his foreign US Account, without any approval of Income Tax Department, but bankers made tds there on, is there any problem or controversy by doing this, kindly guide what to do now

Aashok Kumar Sharma online

Aashok Kumar Sharma

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11 August 2026 Transferring funds from an Indian NRO account to a US account does not require prior approval from the Income Tax Department, but the bank's deduction of TDS is legally standard to cover potential tax liabilities on Indian-sourced income. The NRI should collect Form 16A from the bank, ensure Forms 15CA/15CB are filed, and file an Indian ITR to reconcile or claim a refund for any excess tax withheld.

Venkateshwarlu Pulluri

Venkateshwarlu Pulluri (Querist)
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11 August 2026 thank you very much sir, sir let me know who has to file Forms 15CA/15CB

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