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Outward remittance to Sweden - FEMA

Sibhi S (Software Engineer) (21 Points)

16 October 2021  

I am from India. I am permanently employed in Sweden and had been living here since 4 years now. I do not have any income in India for 4 years abd hence hasn't filed income tax returns in India since then. 
I was gifted a property of land approximately 10 years back by my grandmother and that is being acquired by the government now. Since it is compulsory acquisition, I am eligible for exemption of tax under the act RFCTLAAR Act 2013. 
If I have to take this money to Sweden , what is the procedure and what is the limit of remittance in a fiscal year/ calendar year? What are the tax rates? Kindly guide me on this and thanks in advance. 


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