Transfer of PPF maturity amount from NRO to NRE

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Rajesh Patel (Querist)
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17 November 2022 Dear Sir
I am an NRI living outside India having NRO and NRE account. Although I am NRI, I qualify as RNOR as my income in India is more than 15 lakhs and I work in gulf country having no tax. Recently my Public Provident Fund ( ppf) account has matured and I have received 50 lakhs in my NRO account. I need to transfer this amount to my NRE account . My question is
1) Should I submit form 15 CA with part D as ppf amount is not taxable?
2) Is form 15 CB required? (bank is asking for it but 15CA section D does not require 15 CB)
3) Any implication of above due to my status of RNOR?
I would sincerely appreciate your kind advice... Best regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2022 1 and 2 15CA and 15CB required it's a condition for transfer form NRO to NRE.
3 No implications.

Rajesh Patel

Rajesh Patel (Querist)
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17 November 2022 Many Thanks Sir for your swift response. It's indeed helpful. Just a small clarification. Which section of form 15 CA will be applicable? C or D ? I am asking this as section D is for nontaxable income and C is for taxable income. And section D does not require 15 CB . Many thanks again

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2022 Section D it's non taxable but 15CB applicable.

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