Violation under income tax act & fema

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2018 One of the assessee has worked in US for the past 6-7 years and he does not have NRO/NRE account in india.
He transfer funds from US to India through Money exchanger to his accounts in india.
Whether there is violation under Income tax act & FEMA?

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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28 August 2018 Non maintenance of NRO/NRE account is not an offence.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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28 August 2018 On the account of being a non resident,the income abroad will not be taxable in any case. FEMA regulations won't be attracted for remittance from abroad to one's own accounts

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