Sale of assets and transfer of funds to australia

Dear Sir,

On sale of any assets in India, whether property or shares or mutual fund, if it is sale in India then it is taxable india, where she have to file return and pay taxes. Such sale in India is taxable in all cases i.e. for Resident[ Obviusly], Non Resident, and not ordinary resident too.

Further so far FD is concern, amount of FD is capital receipt, but interest on the same is what you actully earned in India thus liable for tax in every case.

So far PPF, it is exempt from tax for all in any way.

Thus you have to be get assessed in India. So far repatriation of fund requires 15CA & CB Procedure.

Ragards

Amit