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Whether TDs applicable on Fund Transfer?

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14 November 2009 Dear All,

Pls let me know whether any provision of TDs will be applicable in case fund (Rs 150000/-)are transfered as family maintenance Exp.from NRI a/c(Of USA) to other NRI a/c in India.
Also tell if any other povisions applicable..either under FEMA Act or any other Act..

Thx & Regards,
Prananya

14 November 2009 Hello,,,,,
What r u saying trf of fund from one account to another does't arise income,,,so there is no any tds deduction......



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