Can NRI Repatriate funds without filing ITR

This query is : Resolved 

08 May 2024
NRI investing in JD of Plots. During FY 2023-24, he sold some of the plots and for that TDS was deducted by buyer. And during FY 2023-24 he repatriate 1 Million USD to his foreign account, and during FY 2024-25, he again wants to repatriate the funds. My question is can NRI repatriate the sale proceeds without filing ITR for Previous Year

09 May 2024 Practically not possible, as bank will not allow repatriation of funds from NRO without form 15CA/CB.

07 September 2024 Good Luck.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries