Timeline for NRO to NRE funds transfer
Current License: CC BY-SA 3.0
7 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 5, 2018 at 16:32 | vote | accept | haunteddevil619 | ||
| Feb 6, 2017 at 15:14 | comment | added | haunteddevil619 | Since I am not in physically in the country, I cannot deposit the cash myself. The relative I am talking about is a close relative and we maintain the same household address in India. I do not mind explaining everything to anybody if it comes to that. I just want to avoid the hassle of questioning in the first place | |
| Feb 4, 2017 at 11:55 | answer | added | Dheer | timeline score: 1 | |
| Feb 4, 2017 at 11:50 | history | edited | Dheer | CC BY-SA 3.0 |
added 12 characters in body; edited tags
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| Feb 3, 2017 at 19:57 | comment | added | Dilip Sarwate | Did the relative return cash to you which you then deposited into the NRO account, or did he/she make a deposit directly into the NRO account? I presume there was no documentation that this was a loan; you merely helped out Uncle Shyam when he needed the money. As far as the tax man is concerned, you have income that might be taxable, or it might be a nontaxable gift or a taxable gift depending on the exact relationship between you and Uncle Shyam. In short, you need to explain more to the CA, and possibly to the Indian tax authorities. | |
| Feb 3, 2017 at 17:12 | review | First posts | |||
| Feb 3, 2017 at 17:35 | |||||
| Feb 3, 2017 at 17:09 | history | asked | haunteddevil619 | CC BY-SA 3.0 |