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R.Ramarajan

R.Ramarajan (Querist)
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10 August 2011 What are the tax liabilities of a Non-resident Indian who is selling his inherited residential property in India?
Is he permitted to repatriate the entire sale proceedings to his country of residence abroad?
Please clarify

MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)
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10 August 2011 Hi,

He has to pay capital gain tax in India as property is situated in India.

R.Ramarajan

R.Ramarajan (Querist)
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10 August 2011 Thankyou for the reply. What about the second part of the question? What does FEMA say on it?

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