Whether Form No.15CA & Form No.15CB required to be given to a Bank where the Bank credits rent of NRI to his NRO account with the same Bank ?
Thanks in advance.
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Form 15ca/cb for credit to nro a/c
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Since Rent receipt is a permissible credit (legitimate), credit of such income in NRO account does not require CA certificate. However, repatriation of funds from NRO account under $ 1million route requires CA certificate.
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