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Regularisation of Assets held Abroad by Person Resident in India under FEMA, 1999

Dated:- 25-9-2015 - In connection with the declarations made by persons resident in India under the provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act), it is clarified that: No proc .....

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required to dispose of the asset so declared and bring back the proceeds to India through banking channels within 180 days from the date of declaration. In case the declarant wishes to hold the asset so declared, she/he may apply to the Reserve Bank .....

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