FCTRS query

    Posted By : CS Gaurav / Published on : 19-May-2020 05:46 PM / View : 115 / Comment : 0
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    Dear All,

    There is one query regarding FCTRS filing. It is case of transfer of shares from resident to non-resident.

    In the FIRC, the purpose of remittance need to be mentioned coorelating with RBI purpose code.

    What would be the RBI purpose code for receipt of sale consideration towards sale of shares by Resident to Non-resident as I am unable to identify.

    Your urgent reply is highly appreciated.
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