Urgent help needed-trf of funds from nro to nre ???
This query is : Resolved
CA Abhishek Singh
(Querist)
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 ?
CA. Anuj Gupta
(Expert)
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
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