Transfer in favour of nri/pio
This query is : Resolved
sushil kaudinya
(Querist)
11 September 2014
If a resident transfer his shares in favour of a NRI/PIO and the later pays the amount from his NRO A/c do we still require to file Form FC-TRS with the AD Bank. Further can they tranfer the shares at any price or it can be done on valuation price only.
Nikhil Kaushik
(Expert)
21 September 2014
FC-TRS should be filed. And yes the valuation price has to be followed
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