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.
Vinay Jaindani (184 Points)
22 February 2023Hello,
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.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166722 Points)
Replied 22 February 2023
CA Sorav Gupta
(Chartered Accountant)
(1000 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)
(1000 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)
Vinay Jaindani
(184 Points)
Replied 23 February 2023
will form 15CA/15CB applicable and required to filed before remitting the funds?
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