POINT NO. B(8) OF FORM NO. 15CB
This query is : Resolved
30 December 2025
An individual has sold a property in India and the sale proceeds have been credited to their NRO account. We propose to remit this amount to the individual’s NRE account, for which filing of Form 15CB is required. In this context, kindly clarify the relevant RBI purpose code to be selected under point B(8) of Form 15CB.
Kindly resolve this query as soon as possible.
Kindly resolve this query as soon as possible.
02 January 2026
Applicable RBI Purpose Code (Form 15CB – Point B(8)):
✅ P0103 – Repatriation of sale proceeds of immovable property
Transaction type: NRO → NRE (repatriation)
Tax compliance: Mandatory before remittance
Bank acceptance: Highest with P0103
✅ P0103 – Repatriation of sale proceeds of immovable property
Transaction type: NRO → NRE (repatriation)
Tax compliance: Mandatory before remittance
Bank acceptance: Highest with P0103
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
- Scrutiny and reopening of past returns
- Tax on Deemed 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
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Average Cost Of High Quality Diamonds
- Difff in ais receipts and gst turnover
- Housing Society-ITR5
- 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
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
