Dear All,
One of our client is want to tranfer Amount from NRO A/C TO NRE A/C Exceeding Five lac Rs.
Is he require to obtain 15CB & 15CA.
pls. guide us as per new changes implemented.
Thanks
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 May 2016
From June 1, 2015, any person making a payment to a non-resident, includingan NRI transferring funds from NRO to NRE account would be required to obtain a certificate from a Chartered Accountant in form 15CB and file form 15CA to the income tax department.
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