Hello,
sorry as my query was not appeared when posted earlier. Here it is:
I am an NRI and i have booked house last year. i have paid 30% amount through my NRE account. Now that project is cancelled due to legal issue and builder is returning the booking amount.
For me it is difficult to understand this situation as Can i transfer this money to my NRE account?
IF not, what is the best procedure to handle this money to avoid taxation or any legal issue?
Its urgent pls….