Transfer from NRO to NRE Accounts of a MRI

a NRI wants to tansfer an amount from his NRO Account to his NRE Account.

Is TDS applicale? Is so, at what rate?

Replies (5)
Quick Summary
This discussion clarifies the tax implications of transferring funds from a Non-Resident Ordinary (NRO) account to a Non-Resident External (NRE) account for NRIs. While the transfer of funds itself isn't subject to TDS, any income earned within the NRO account, such as interest or proceeds from property sales, is taxable as per your applicable slab rate. If this income has already been assessed for tax, it will not be taxed again upon transfer to the NRE account. You will need to submit Form 15CA and Form 15CB, the latter requiring a Chartered Accountant's certification, to declare the source of funds.

Its the tax required to be paid over the income earned like interest etc. as per slab rate.

You also need to submit form 15CA and 15CB.

Form 15CB needs to be obtained from the chartered accountant.

This shows the source of your funds.

Form 15CA can be filled online.

My question is is amount transferred from a NRO tp NRE Account of the same invidual suject to tax. In other words, NRO is built up by his taxable income in India.Therefore, is any amount transferred from his NRO account subject to further tax? If so. what is the rate of TDS?

It is not TDS. ..... So, no fixed rate.

If any tax liability arises over the amount that you wish to transfer, only that need to be taxed. It is to be taxed as per slab rate applicable to you.   E. G. Interest income of the NRO account. Or any credits of property sale etc...

Income Credited to the NRO Account is taxable. Now, if a portion of the balance in the RO Account is tansferred to his NRE Accout, is it taxable? And if so, what is the TDS rate?

If the amount was already assessed to tax, same will not be taxed again, when transferred to NRE account.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Follow