Trabsfer of money from India for NRI

Tax liability over the transaction to be cleared & relevant ITR to be filed.

Yes, apart from filing Form 15CA & 15CB, the NRI must also ensure the following:

1. TDS under Section 195 is properly deducted by the buyer and deposited.

2. Income Tax Return (ITR) reflecting the capital gains from the property sale is ideally filed, especially if exemption is claimed.

3. CA computation of capital gains and certification of taxability is required for Form 15CB.

4. Bank may also ask for:

   • Sale deed

   • PAN card

   • TDS challan

   • Tax computation sheet

   • Form 10CB (optional in some cases)

Once all documents are in order, the bank will process the outward remittance.

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