Poonawalla fincorps
Poonawalla fincorps

NRE & NRO account

This query is : Resolved 
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(Querist)
18 May 2011 NRI having immovable property in India wants to sells it property.

The sale proceeds from the same should be deposited in NRE account or NRO account?

Pls advise.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
19 May 2011 NRE account. Also the buyer should deduct TDS u/s 195.

Anuj
0-9810106211

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