Easy Office
LCI Learning

Security money deposit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 April 2023 Can the security money, (approx Rs 200000 ) be deposited in NRI's mother's ( resident Indian) account who is a family pension holder instead of his NRO account.
Profile Image

Dhirajlal Rambhia online

Profile Image

Dhirajlal Rambhia online (Expert)
14 April 2023 No. Depositor issues cheque in favor of NRI son and not in the name of his mother.
Profile Image

chinu

Profile Image

chinu (Querist)
14 April 2023 The money will be deposited by net banking. Is it ok?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Dhirajlal Rambhia online

Profile Image

Dhirajlal Rambhia online (Expert)
14 April 2023 That is one and same thing. When the contract is with NRI son, deposit of security with mother is questionable.
Profile Image

chinu

Profile Image

chinu (Querist)
14 April 2023 Thanks sir for the quick response.
Profile Image

Dhirajlal Rambhia online

Profile Image

Dhirajlal Rambhia online (Expert)
14 April 2023 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links