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NRI

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(Querist)
06 December 2010 What are the provisions for NRI if he sells Indian co shares? Can he take the sale proceeds to foreign country where he resides if he has inherited those shares by will or by gift?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
06 December 2010 After payment of necessary taxes, if any, he can take the balance money back.

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