Hello to all,
Last year while coming to Europe I forgot to open NRI/NRE account and since my stay was temporary so i never gave it importance but now after spending one year it is important to work on below issues, so I need help from you guys..
1. Can I transfer my saving to Indian saving account (not yet converted to NRO)?
2. Will it be OK if I transfer to my in-laws account and they return to me when I am back in India?
Please suggest.. thanks in advance.
as your income is already taxed in Europe, to whom ever u transfer it is not taxable again.. so u can transfer to ur in laws account
| Originally posted by : kavitha | ||
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as your income is already taxed in Europe, to whom ever u transfer it is not taxable again.. so u can transfer to ur in laws account |
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thanks Kavitha but in that case they don't have to worry abt taxes ? and when I am back in India then can I take it back and without any tax issues?
yes u can take . no issues
CAclubindia
