Permission from RBI - benefit of DTAA

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..... Permission from RBI - benefit of DTAA
Query (Issue) Started By: - SHYAMAL ROYCHOWDHURY Dated:- 2-4-2008 Last Reply Date:- 3-4-2008 Income Tax
Got 1 Reply
Income Tax
one of my relative is .....

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..... a nonresident indian. he is settled canada for two decades . he has one flat in india he purchased when he was nonresident from govt development authority. He now proposes to sell the house & pay capi .....

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..... tal gain tax inindia & all taxes that are leviable & balance amount repatriates outside through banking channels. The question is weather he needs any permission from RBI. ? & CAN HE repatriate the sa .....

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..... le proceeds after paying all taxes in india ? can he get any benefit under DOUBLE TAXATION AVOIDENCE AGREEMENT ? Reply By Surender Gupta: The Reply: Once the house property is situated in India, any .....

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..... capital gain arising out of such capital asset is taxable in India. For remittance of foreign exchange you may consult your bank dealing with foreign exchange transaction
Discussion Forum - Knowle .....

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..... dge Sharing .....

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