2012 - Wealth18.com

Do you have balances in your NRO account and want to transfer abroad? Here is a quick guide related to remit / transfer funds from your NRO account to a Bank Account outside India. Balances in the NRO account are not freely repatriable. But the RBI does allow NRIs to remit up to USD 1 million per financial year from the NRO account, provided you follow certain procedure. Balances in the NRE account are freely repatriable and you do not need any permission for remittance abroad for any amount. Procedure to remit / transfer funds from your NRO Account To transfer funds from your NRO Account, you need to submit documents to ascertain the nature of remittance and to ensure that proper taxes are paid. 1: Chartered accountant's certificate - Form 15CB A certificate under Form 15CB is required...

There are two options to file returns online. File your Income Tax return online for FREE at Income Tax Department website. Using an online e filing Service provider. If you need any help, there are online service providers / websites which helps & allows you to file your return online. The charges varies from Rs 150 - Rs 3000. Here is the comparison- Website For Fees TaxSpanner Individuals, NRI, Businessmen Rs. 249 - Rs 2499 TaxSmile Individuals, NRI Rs 250 - Rs 3100 TaxShax Individuals Rs 181 - Rs 524 myITreturn Individuals, NRI FREE - Rs 999 IncomeTax Department All FREE See my other post on - How to file your Income Tax returns online for FREE. SBI has recently tie-up with TaxSpanner and they are offering promotional discount with charges starting from Rs 15...

Year: 2012

How to transfer funds from your NRO Account

Comparison of Online Income tax filing / efiling sites