Taxation in NRE fund
2 years ago
My son in UK(NRI) having NRE account in India.I was in middle east,retired recently and back to India.Can I park my NRE fund at son's NRE account and then close my nre a/c and then open resident a/c?How my son will be impacted as fas as taxation is concerned
A.Dear Sir,
Please approach any chartered accountant or advocate specialised in the above matter.
I could have explained more if background is known to me.
Please give me FIVE STAR if satisfied by my answers.
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A.Dear Client,
you can freely transfer full amount from one NRE account to other NRE Account and opt for converting your NRE Account to resident account by doing some formalities with your bank.
Thank You
you can freely transfer full amount from one NRE account to other NRE Account and opt for converting your NRE Account to resident account by doing some formalities with your bank.
Thank You
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