IF THE PERSON CITIZEN OF INDIA CURRENTLY RESIDING IN US SELLS ITS FLAT IN MUMBAI & HAVE PAID THE LONG TERM CAPITAL GAIN TAX ON IT ? CAN HE ELEGIBLE TO REPATRIETE ENTIRE PROCEEDS TO USA ? OR THERE IS ANY RESTRICTION ON IT UNDER FEMA? THANKS IN ADVANCE
Menu
Trf of capital gain outside india
Replies (1)
Yes, the NRI can repatriate upto USD 1 million(Rs.5 crore appx.) after the payment of taxes in India.
That income shall also be taxable in US but NRI can get benifit of TDS deducted in India.
Anuj
+91-9810106211
femaquery @ gmail.com
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
