Nri bank transfer
This query is : Resolved
20 May 2022
i taken residency of other country and opened company and personal bank account. i will not stay in india to be nri. but now i have to transfer funds from my india account to new country account.
banker say that i can transfer without updating nri status also. because he say that status change takes time and i will not able to transfer when changing status for 1 week or more.
is that okay? if i send money from my personal india to foreign personal account? i come in 30% tax category and always paid. but will it generate some inquiry from it deprtment? because it is not nri status in bank.
banker also say i can change nri in account when i come to india in 1-2 mnths.
help please
banker say that i can transfer without updating nri status also. because he say that status change takes time and i will not able to transfer when changing status for 1 week or more.
is that okay? if i send money from my personal india to foreign personal account? i come in 30% tax category and always paid. but will it generate some inquiry from it deprtment? because it is not nri status in bank.
banker also say i can change nri in account when i come to india in 1-2 mnths.
help please
20 May 2022
Upto 7 lacs you can transfer without TDS.
For urgent requirement you can transfer with TDS. TDS you can get refund by filing ITR
Wait and Transfer money as NRI.
For urgent requirement you can transfer with TDS. TDS you can get refund by filing ITR
Wait and Transfer money as NRI.
Message likes :
1 times
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
- GST Regis.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
