Capital gain and funds trf to nri

This query is : Open

Soniya (Querist)
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03 November 2013 I have a client of mine who is NRI. He sold his property in India in Last week. Purchaser of the Property Deducted 1% TDS on the property and give him the Cheque in INR. NRI Deposited the Cheque in his India Bank Account. Now he wants to take these funds to UK. In this case Both the REmitter and Remitee is the same So what is the process to b followed to transfer of funds??
Shall i need form 15CA and 15CB for that or any other alternative??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 November 2013 1. Yes the remitter and remittee shall be same.

2. Yes Form 15CA and 15CB are required.

for 15CA-15Cb requirements, refer:

http://buyerscredit.wordpress.com/2013/08/14/revised-forms-15ca-15cb-payment-to-non-resident/

The process of transfer of funds remain same as in any other case.