My Client has not yet open his NRO account in india and he trasnferred some money to his savings Account India. for F.Y. 2016-17 (ay 2017-18) his ITR 2 as NRI. though there is no problem in Income Tax Act but i have doubt whether he could face any penalty in FEMA act after filing his ITR. thanx in advance.
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yes to comply with FEMA he should change the resident account to NRO asap. It should not create much trouble if he hasn't done any activity not allowed to NRIs.
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