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Non-taxable money of NRI

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harpal sidhu

30 Points Posted on 30 July 2021

My son is NRI. He has agri. Land in his name from Inheritance & thus annual non-texable income from it. This income has accumulated in four years. Now he wants repatriation of such legal funds to his NRE Accounts or his country by filling 15CA(D). Can he? Or he was required annually?

Replies (2)

Quick Summary

An NRI with accumulated non-taxable agricultural income from inherited land is seeking to repatriate these funds to their NRE account or overseas. The key question is whether this can be done now using Form 15CA/CB, or if it needed to be done annually. While funds can generally be repatriated by filing the correct forms, understanding the specific rules for agricultural income and the timing of declarations is crucial.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 30 July 2021

Yes funds can be repatriated to India by filing form 15CA

Manoj Singh

236 Points Posted on 30 July 2021

Hey, for money transfers or when receiving money in India from abroad, there are tax implications that should be considered. Suppose you are sending the money, you double-check how much tax you need to pay when sending money to India in your country/region.