A person has stayed in India up to March 2019. In April 2019 he moved out of India and has stayed out since. As a result from FY 19-20, he is an Non Resident. He has let out his property (in India) to a resident in India. The tenant has deducted TDS. The landlord has NRO/NRI accounts in India. Is 15CA required while transferring funds from the tenant's savings account to Landlord's NRO/NRE account? What if the rent is deposited in the Landlord's Savings account?
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15CA Requirement
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In the following cases, no submission of information is required
The remittance is made by an individual and it does not require prior approval of Reserve Bank of India [as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000]
The remittance is made by an individual and it does not require prior approval of Reserve Bank of India [as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000]
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