Question ID :
31743
TDS on transfer of money from NRO to NRE account
NRI transferred his earnings to savings bank account maintained with ICICI Bank in India. Later on he converted the savings bank account as NRO account. Now he would like to transfer the amount from NRO to NRE account. Bankers require Form 15CB for transfer. Whether any TDS applicable on this transaction.
Posted by
V.Sivakumar
on
Jul 16, 2018
Filed Under
DIRECT TAXES
Transfer of saving funds by an assesse from his one account to another account does not attract any tax.
Posted by
NKS CHAUHAN on
Jul 16, 2018