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Transfer of sale proceeds from india to dubai

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(Querist)
22 June 2018 Dear Sir/Madam,

One of my friend who is a non resident, sold his property in FY 2016-17. Short term capital gains calculated and paid in the assessment year 2017-18. Now he want to transfer the funds from his Indian bank account to Dubai bank account. Amount to be transferred is 30Lakhs.

Do we need to submit Form 15CA for that? if yes which part is applicable?
Thank You.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 June 2018 Yes you need to submit 15CA and 15CB required from CA for tax compliance. Use part C.
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