Repatriation of sales proceeds by nri
This query is : Resolved
14 July 2016
Mr. X an NRI, inherited a property from his father on the death of the father. He Bought a house from that amount.
He claimed capital gains exemption on the purchased property.
Now he wants to repatriate the entire sales proceeds of the inherited property out of India.
Can he do it?
What if he is repatriate only the balance amount.
He claimed capital gains exemption on the purchased property.
Now he wants to repatriate the entire sales proceeds of the inherited property out of India.
Can he do it?
What if he is repatriate only the balance amount.
14 July 2016
Would you like to give the "dates" for a better answer? Especially for the house bought out of inherited property?????
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Purchase of property from NRI
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- How to pay tds on mhada property
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- GST APPLICABILITY TO DIAGNOSTIC
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- ITC claim on vehicle parts and repairing
- Invoice wrongly made on another GSTIN
- ITR WITH 0 TURNOVER
- Value of Perquisite Sec.10 (10CC)
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
