I’m a non-resident Indian and I used to have an Employees’ Provident Fund (EPF) account with my former employer in India. I don’t know the UAN (Universal Account Number) to test the steadiness of my account. I’m additionally unable to register for a UAN because the cellular quantity linked to my Aadhaar, which is required for receiving an OTP as a part of the registration course of, is at the moment inactive. Can you please information me on how I can proceed with the EPF withdrawal course of on this case?
—Name withheld on request
You could write to your employer that can assist you with securing the main points of your PF steadiness. Or you may additionally submit an software in writing to your particular jurisdictional EPFO officer in order that he/she might help you with the requisite particulars.
Usually, members want a UAN to have the ability to entry their passbook and know their PF steadiness. Maybe you must think about using a cellular quantity in India of a trusted member of the family or pal to register your UAN in an effort to provoke the method of claiming your PF steadiness and closure of your account.
My daughter is staying overseas. Her PPF account matured in April. It is credited in her NRO account. Is it potential to ship the cash by remittance to her? And how a lot cash may be despatched on this monetary 12 months?
—Name withheld on request
According to Reserve Bank of India guidelines, you’re allowed to remit out of your NRO account as much as $1 million per monetary 12 months. To make a switch from an NRO account, you have to submit the required kinds and a certificates from a chartered accountant. However, these kinds will not be required if the remittance quantity will not be taxable in India. PPF withdrawals will not be taxable in India. It is suggested that you simply search assist from an professional whereas making this switch in order that the required circumstances are met. The financial institution making the switch should require you to submit a certificates; subsequently, do seek the advice of an professional earlier than you undertake this switch.
Archit Gupta is founder and chief government officer, ClearTax.
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