Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is transfer of funds between NRE account of two different account holders permitted ?

account different funds HOLDERS NRE permitted transfer

1 Answer

0
10

Yes, transfers are permitted for any purpose. If transfer is by way of gift, an undertaking from the transferee/transferor’s bank, should be given, that gift tax, if any, shall be paid to Income tax authorities.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123