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(Querist)
10 August 2011 What are the tax liabilities of a Non-resident Indian who is selling his inherited residential property in India?
Is he permitted to repatriate the entire sale proceedings to his country of residence abroad?
Please clarify
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
10 August 2011 Hi,

He has to pay capital gain tax in India as property is situated in India.
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R.Ramarajan

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R.Ramarajan (Querist)
10 August 2011 Thankyou for the reply. What about the second part of the question? What does FEMA say on it?
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