19 January 2023
Sir, Being a NRI , on its maturity I recently closed my PPF a/c and total outstanding balance amount was credited to my NRO a/c by the bank .as maturity amount is not taxable in India. It was tax free. Now I want to repatriate whole corpus of that PPF amount thus credited from my NRO a/c to my overseas a/c in US.. Query is as under.
1. Can I repatriate this total corpus of PPF amount to my overseas a/c 2. Is there any taxation on its repatriation from NRO a/c. 3. Can I repatriate under head D of Form 15CA as Not Taxable Amount.
CAclubindia
