Foreign remittance after losing nri status

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24 Points Posted on 13 March 2012

Hi All. Indian citizen moved to India from US in 2005 and has been in India ever since. Has US tax paid funds in US mutual funds. Wants to remit this money to India. What Indian tax, if any, would apply on the remittance ? Any other considerations ?

Thanks in advance.

Best regards,

Sameer

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On 13 March 2012 at 18:08 Report
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Practices in NRI Int.Tax FEMA TP FD
7024 Points Posted on 20 August 2012

Income Tax may be chargeable if there is sale of US mutual funds after becoming indian resident.

 

Anuj

femaquery @ gmail.com

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On 20 August 2012 at 17:33

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