Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA SAURABH NARAYAN GAUR   07 July 2021

Repartriation of Sale Proceeds of Immovable Property

"If the property was purchased using foreign currency funds from NRE /FCNR account, the maximum amount of repatriation could be the foreign currency equivalent of the amount paid for the purchase". What is the logic of not allowing repatriation of whole sale proceeds and limiting to just amount invested in foreign currency? Moreover, how the remaining balance sale proceeds can be repatriated in following future years?



 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags