NRI Taxation
This query is : Resolved
29 October 2009
My client holding NRI Status(UK citizen). He has having a PAN. He sale one plot situated in india to Indian Resident. Sale proceed received in Indian Rupees and deposited in NRO Account. He wants to repatriate the sale proceeds to UK.
My question is :
Whether fund tr to NRO A/c to NRE A/c is permissible?
Whether 15CA form to be filled up.
If yes, then the information of remitter and beneficier of remitter are the same person?
Whether he required to deposit the tax in his PAN right now and assessed to Income tax Dept.? Then the question of 15CA form filling is arise or not?
My question is :
Whether fund tr to NRO A/c to NRE A/c is permissible?
Whether 15CA form to be filled up.
If yes, then the information of remitter and beneficier of remitter are the same person?
Whether he required to deposit the tax in his PAN right now and assessed to Income tax Dept.? Then the question of 15CA form filling is arise or not?
O.D.SHARMA
(Expert)
30 October 2009
Dear,
Fund from NRO to NRE not transferable,form 15CA is after TAX in later stage,
Fund from NRO to NRE not transferable,form 15CA is after TAX in later stage,
CA.Krishna
(Expert)
04 November 2009
Please refer FERA-Shedule and rules for permissible Capital account transactions
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