CAPITAL GAIINS FOR NON- RESIDENTS
This query is : Resolved
01 July 2009
ACCORDING TO PROVISO TO SEC.48 AND RULE 115A, NON-RESIDENTS ARE LIABLE TO CONVERT THEIR CAPITAL GAINS INTO FREIGN CURRENCY AND THEN BACK AS PER RULES....
BUT IS IT NECESSARY FOR ALL NON - RESIDENTS????.....ACTUALLY ALL TRANSACTIONS ARE DONE THROUGH LOCAL NRE ACCOUNT. SO IS IT NECESSARY TO FOLLOW RULE 115A???
CAN SUM1 HELP ME?
BUT IS IT NECESSARY FOR ALL NON - RESIDENTS????.....ACTUALLY ALL TRANSACTIONS ARE DONE THROUGH LOCAL NRE ACCOUNT. SO IS IT NECESSARY TO FOLLOW RULE 115A???
CAN SUM1 HELP ME?
01 July 2009
You have to follow Rule 115A.Further, will it possible to Credit or Debit in Rs to NRE account
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