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Funds Transfer from Indian Acc to Foreign Acc

22 February 2023

Hello,

I am an NRI from past 7-8 years i have sold an Indian Property for 1.5 Cr and paid the LTCG would like to know how can i transfer my funds in Indian Account to my Foreign account.

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176833 Points)
Replied 22 February 2023

how-to-repatriate-funds-abroad-from-your-nro-account/

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CA Sorav Gupta (Chartered Accountant) (1005 Points)
Replied 22 February 2023

Convert your regular saving A/c to NRO A/c and then repatriate the fund. In this way, TCS will not be collected by the bank as the same is under the limit.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)

CA Sorav Gupta (Chartered Accountant) (1005 Points)
Replied 22 February 2023

Convert your regular saving A/c to NRO A/c and then repatriate the fund. In this way, TCS will not be collected by the bank as the same is under the limit.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)

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