i have 1 NRI client who need a CA for looking after matter transfer of funds from NRO to NRE account.
I do not have experience of handling this type of work. i have genral idea that upto $1million is permitted and CAs issue form 15CB.
Kindly let me know the following 1. How should i charge fees (rough idea depending upon no. of $ to be trfd)? 2. Why people transfer funds. logic behind entering into such transaction. my friend said to save tax but i do not know the complete picture ? 3. documents/supporting that i should ask the client for my record ?
17 November 2012
1.That is an individual call, nobody can guide you in that. 2.Try to understand the same from your client. 3.copy of income tax returns filed, copy of NRO/NRE account from the period funds came into India, proof of any other source of Income.
CAclubindia
