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Transfer from nro account to foreign bank account

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2019 Dear all,

A NRI client of mine has taken a rupee mortgage loan in India which has been credited to his NRO Account. He wants to transfer the amount to his US account, please let me know if form 15cb has to be filed and the purpose code to be utilised.

Thanks
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
09 January 2019 Yes 15CB has to be filed. Select the code from list.

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