gaurav salhotra (article) (33 Points)
03 June 2011Mr. A is a non resident but an Indian Citizen having an immovable property here in India. He sold the property and paid the capital gains tax. He now wants to transfer the proceeds from his NRE account here in India to his account in US.
My question is- Does he need to file form 15CA ?
Dhanya
(nil)
(62 Points)
Replied 03 June 2011
I think there is no need to file 15CA...NRE account balances are freely repatriable nd I think these credits(sale of immovable property by nonresident) r usually allowed in NRO a/c.....in that case its necessary to file 15CA
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
