Itr by nri

CA Pratibha Sharma (ACA, ACS) (357 Points)

28 June 2017  

My Client has not yet open his NRO account in india and he trasnferred some money to his savings Account India. for F.Y. 2016-17 (ay 2017-18) his ITR 2 as NRI. though there is no problem in Income Tax Act but i have doubt whether he could face any penalty in FEMA act after filing his ITR. thanx in advance.