Urgent help needed-trf of funds from nro to nre ???
This query is : Resolved
16 November 2012
Hello everyone,
i have 1 NRI client who need a CA for looking after matter transfer of funds from NRO to NRE account.
I do not have experience of handling this type of work. i have genral idea that upto $1million is permitted and CAs issue form 15CB.
Kindly let me know the following
1. How should i charge fees (rough idea depending upon no. of $ to be trfd)?
2. Why people transfer funds. logic behind entering into such transaction. my friend said to save tax but i do not know the complete picture ?
3. documents/supporting that i should ask the client for my record ?
i have 1 NRI client who need a CA for looking after matter transfer of funds from NRO to NRE account.
I do not have experience of handling this type of work. i have genral idea that upto $1million is permitted and CAs issue form 15CB.
Kindly let me know the following
1. How should i charge fees (rough idea depending upon no. of $ to be trfd)?
2. Why people transfer funds. logic behind entering into such transaction. my friend said to save tax but i do not know the complete picture ?
3. documents/supporting that i should ask the client for my record ?
17 November 2012
1.That is an individual call, nobody can guide you in that.
2.Try to understand the same from your client.
3.copy of income tax returns filed, copy of NRO/NRE account from the period funds came into India, proof of any other source of Income.
Anuj
femaquery@gmail.com
2.Try to understand the same from your client.
3.copy of income tax returns filed, copy of NRO/NRE account from the period funds came into India, proof of any other source of Income.
Anuj
femaquery@gmail.com
Message likes :
1 times
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- When TDS on GST applied
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
