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?
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,
04 November 2009
Please refer FERA-Shedule and rules for permissible Capital account transactions
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
