NON RESIDENT OUTWARD REMITTANCE
This query is : Open
28 January 2021
AN NRI ASSESSEE WHO SOLD THE INHERITED PROPERTY FOR 2700000 NO TDS DEDUCTED BY THE PURCHASER. LONG TERM CAPITAL LOSS ARISES. NON RESIDENT FILED THE ITR AND GOT ASSESSMENT ORDER U/S 143(1) .SALE AMOUNT CREDITED IN HIS INDIAN BANK AC. HE WANTS TO TRANSFER THE MONEY TO UK. WHAT PROCEDURE TO BE FOLLOWED BY INCOME TAX ACT & FEMA ACT.
28 January 2021
You can easily remit up to 1M USD from your NRO account. You need to submit 15CA & 15CB shile making the remittance request. Your bank may ask for the details of holding of the asset.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Import license renewal
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
