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Taxes and Remittance of sale proceeds

Regulation 12 - Regulation - Regulations - FEMA - Regulation 12 - 12. 12.1 Taxes All transaction under these regulations shall be undertaken through banking channels in India and subject to payment of applicable taxes and other duties/ levies in Indi .....

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le. (2) An authorised dealer may allow the remittance of sale proceeds of a security (net of applicable taxes) to the seller of shares resident outside India - Provided - (i) the security was held by the seller on repatriation basis; and (ii) either .....

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