I have resided in the United Kingdom for
the last 10 years. I have money in my provident fund and savings bank account from the
earnings from my previous job in India,
which I quit over 10 years ago. I want to
transfer the amount to my account in the
UK. Can this be done? Is there any limit on
transfer? What are the formalities?
Yes, it can be done. The limit on the transfer is the equivalent of $1 million per financial year (April-March).
First of all, you would have to encash your
PF, if it’s not yet done. Also, the savings bank
account will need to be redes-ignated/converted into a Non Resident Ordinary account. The PF proceeds may be
credited to the redesignated NRO account.
As far as the procedure is concerned, the
remitter (you) will need to provide the bank
with a certificate from an Indian Chartered
Accountant. This certificate is to be provided
in prescribed Form 15CB. The remitter also
has to fill out Form 15CA, which is known as
the ‘undertaking,’ and requires the remitter
to furnish certain specified details regarding
the proposed remittance. The information to
be furnished in Form 15CA is to be filled
using the information contained in Form
15CB (certificate). Form 15CA has to be then
uploaded on tin-nsdl.com. The remitter will
then take a print out of this filled up Form
15CA (which will bear an acknowledgement
number generated by the system) and sign it.
The signed Forms 15CA and 15CB to be
submitted to the bank, which will then forward a copy of the certificate and undertaking to the Assessing Officer concerned.
Once this is done, the funds may be remitted abroad.
Please note that though the procedure
seems complicated at first glance, it basically
amounts to filling out of two forms, one of
which will be done by the chartered accountant. The other has to be filled online and
printed out with the system generated
acknowledgement number. Submission of
both these documents is all that is needed for
I had a Public Provident Fund account
before becoming a Non Resident Indian. My
child, who is 8 years old, is also an NRI. Can I
open a PPF account in his name? I am not
interested in tax exemption as applicable for
filing tax return for Indian citizen, but interested in the 8 percent odd tax-free return
earned on PPF.
— Pankaj Vora
NRIs are prohibited from opening a PPF
account or investing in any Post Office
schemes as well as the Reserve Bank of India
savings bonds. However, a resident who sub-
sequently becomes NRI during the currency
of its term or an NRI who has opened the
account before the date of this notification
(GSR 585(E) dt 25.7.03) may continue to
subscribe till maturity on a non-repatriation
basis. This means, they can’t open a new
account or extend the scheme beyond matu-
rity. So, you may continue your existing PPF
account till it matures. However, your child
will not be allowed to open a fresh PPF
account on account of the fact that he/she is
I am an NRI and I plan to return to India in
October permanently. I read somewhere that
permanent returning person should come to
India after February so that he spends less
than 60 days in India otherwise income is
taxable for whole year. Is this true? Can you
elaborate on this?
— Meera Pai
This is an interpretation followed by some
tax experts. This issue arises due to permanent return as against a visit to India.
Basically, a Resident is one who during a
FY, satisfies any one of the following 2 conditions; he is in India for at least:
182 days in the FY OR
365 days out of the preceding 4 FYs AND
60 days in the FY.
However, for a person who comes on a visit
to India, the 60 days period in clause ‘b’
above has to be replaced by 182 days. So,
essentially, for NRIs who are visiting India,
the period of 182 days in clause ‘a’ will apply;
clause ‘b’ becomes redundant.
However, since you are not on a ‘visit’ to
India, but are in fact returning permanently,
a strict interpretation of the law would be
that the substitution of 60 days with 182 days
should not be done. If you return to India in
October, you would end up being in India for
more than 60 days in that FY and hence the
suggestion that one should try and return
permanently only in February. That being
said, what should not be lost sight of is that
along with the condition of 60 days, there co-exists another condition in the same clause
— that a person should also be simultaneously have been in India for 365 days in the
previous four years.
So even with the strict interpretation, you
would lose your NRI status by returning in
October if and only if you have also spent
over 365 days in India in the past four years.
A N SHANBHAG SANDEEP SHANBHAG
Three people of Indian origin were honored at the American Society of Mechanical Engineers awards in
Charlotte, North Carolina.
Ram D Sriram, the chief of the Software
and Systems Division, Information Technology Laboratory, at the National Institute
of Standards and Technology Division won
the 2016 ASME’s Computers in Engineering
Lifetime Achievement Award.
The selection was based on ‘an evaluation
of accomplishments as evidenced by publi-
cations, documented testimonials from in-
dustry and academic colleagues, and impact
on the field of computing in engineering, in
particular advances made in the synergistic
applications of mechanical engineering and
Dr Sriram got the award ‘for his leadership
in developing innovative computational to-
ols and techniques for automating and int-
egrating the entire engineering enterprise
and for developing the next generation of
leaders in engineering.’
Before NIST, Dr Sriram was on the
engineering faculty (1986-1994) at MIT and
was instrumental in setting up the Intelli-
gent Engineering Systems Laboratory there.
During the emerging days of the Internet
(mid-1980s), Sriram envisioned and implemented a computer-networked globally distributed design environment — a Fac-ebook-like environment for engineering. He
introduced several novel contributions to
engineering design automation and computer science.
Researchers who worked under him are
currently in leadership positions in both
academia and industry around the globe.
Dr Sriram has co-authored or authored
nearly 250 publications, including several
books. He was a founding co-editor of the
International Journal for AI in Engineering.
In 1989, he was awarded a Presidential
Young Investigator Award from the National Science Foundation. He won the
ASME’s 2011 Design Automation Award
and the Washington Academy of Sciences’
2015 Distinguished Career in Engineering
Dr Sriram has a BTech from Indian
Institute of Technology-Madras, and an MS
and a PhD from Carnegie Mellon
This year’s winner of the ASME Machine Design Award and the Mechanisms and
Robotics Award is Sunil K Agrawal, professor and director, Robotics and Rehabilitation Laboratory, Columbia University.
Dr Agrawal, who received a PhD in
mechanical engineering from Stanford
University, is author/co-author of 400 journal and conference papers, three books, and
has 13 US Patents.
His honors include a NSF Presidential
Faculty Fellowship from the White House in
1994, a Bessel Prize from Germany in 2003,
and a Humboldt US Senior Scientist Award
He is a recipient of the Best Paper award
at the 35th ASME Mechanisms and
Robotics Conference in 2011, a Best Student
Paper Award at the IEEE International
Conference in Robotics and Automation in
2012, and a Best Paper (Honorable
Mention) at the 39th ASME Mechanisms
and Robotics Conference in 2015.
He has held positions of a Distinguished
Visiting Professor at Hanyang University in
Korea, a Professor of Robotics at the University of Ulster in Northern Ireland, and a
Visiting Professor at the Biorobotics Institute of SSSA in Pisa.
Mahesh Mani, a senior research scientist with Dakota Consulting Inc, won the
Young Engineer Award.
He has been associated with the Systems
Integration Division, Engineering Laboratory, National Institute of Standards and
Technology since 2006. Before this, he was
part of the research faculty at the University
of Maryland, College Park, where he worked
on sustainable manufacturing.
At UMD, he continues to teach a course in
Manufacturing and Automation.
Dr Mani also worked as a research engineer at the Centre for Intelligent Products
and Manufacturing Systems at the National
University of Singapore.
He received his PhD in mechanical engineering from the National University of Singapore and a bachelor’s degree from
Dr Mani has authored or co-authored
more than 60 articles in journals, conference proceedings, technical notes and book
chapters. He also serves on the scientific and
technical committees for both ASME and
He was earlier awarded the 2012 CIE
Service Award in recognition of his sustained and outstanding contributions to the
ASME CIE Division’s Newsletter. He
received ASME best paper award in 2015.
Three mechanical engineers
honored with top awards
Dr Ram D Sriram receives the Lifetime Achievement Award from Monica Bordegoni, chair, ASME-CIE Division.