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15CA Requirement

Tax queries 279 views 1 replies

A person has stayed in India up to March 2019. In April 2019 he moved out of India and has stayed out since. As a result from FY 19-20, he is an Non Resident. He has let out his property (in India) to a resident in India. The tenant has deducted TDS. The landlord has NRO/NRI accounts in India. Is 15CA required while transferring funds from the tenant's savings account to Landlord's NRO/NRE account? What if the rent is deposited in the Landlord's Savings account?

Replies (1)
In the following cases, no submission of information is required

The remittance is made by an individual and it does not require prior approval of Reserve Bank of India [as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000]


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