Taxes and Remittance of sale proceeds

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..... ttance of sale proceeds. 7.1. 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 .....

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..... nstrument resident outside India - Provided - (i) the instrument was held by the seller on repatriation basis; and (ii) Reserve Bank's approval has been obtained in other cases for sale of th .....

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