Transfer of sales proceeds
This query is : Resolved
07 December 2015
Mr.A who is a person of Indian origin, also a citizen of USA, wants to transfer the sales proceeds of a fixed asset located in India. He is yet to sell the asset. What are the procedures to be followed by him?
07 December 2015
He needs to check the impact of taxation on sale of fixed asset and need to deposit with the government.
For transfer of proceeds he needs form 15CA & 15CB i.e. certificate from Chartered Accountant.
For transfer of proceeds he needs form 15CA & 15CB i.e. certificate from Chartered Accountant.
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