We are initiating an outward remittance of ₹6 Crore from my NRO Account to my personal US bank account under the USD 1 Million Non-Resident Repatriation Route.I am a US citizen with an intention to leave India permanently. Therefore, under FEMA rules, my status is Non-Resident, which matches the NRO account operations. However, during the current financial year, I physically stayed in India for more than 182 days. Consequently, under Section 6(1) of the Income Tax Act, my tax residential status is Resident (RNOR), and my capital gains taxes have been paid entirely via resident tax slabs.Our Chartered Accountant is facing a system conflict when generating Form 146:If the Remitter profile is marked as "Resident" (matching my actual Income Tax status and tax challans), your system flags it because a Resident cannot utilize the NRO repatriation route.If the Remitter profile is changed to "Non-Resident" to satisfy the bank, it creates a structural mismatch with the resident tax slabs used to pay the government. Can I issue from 146 as a non resident remmitter for bank sake
CAclubindia
