Purpose code in 15CA, 15CB for repatriation

Code S1302 is more relevant

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Dear Sir,

Purpose code is S1302 for remittance towards personal gifts and donations.

The correct purpose code for the scenario you described, where you are repatriating funds from your NRO account that were received as a gift from your father, is S1302. This purpose code corresponds to "remittance towards personal gifts and donations."

S0014 is typically used for repatriation of funds related to capital account transactions, which doesn't apply in your situation. You should communicate this to your bank and ask them to use the correct purpose code (S1302) for your transaction.

Hope you find the information helpful. You are free to contact me for further discussion.If you could spare two minutes of your time to write a review, It would be really grateful and very happy to read it.

Thank you.

Shubham Goyal

NRO is a Rupee account maintained by a NRI. Any transfer from NRO to NRE accunt or any bank account abroad is a transfer from his own account to his own accounts elsewhere. So the purpose code S0014 seems to be appropriate, as S0014 is for " Repatriation of Non-Resident Deposits (FCNRB/N.RERA etc)". The reasson is that it is a repatriation of the deposit in NRO account. How the money is received in NRO account is not relevant for the limited purpose of the code S0014.

However, the CA may consider the source of money in the NRO account and ensure that the tax liability, if any, is discharged while repatriating the amount. He may specificially mention the source of deposit in NRO account, if needed.