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Repatriation of money by nri

This query is : Resolved 

17 July 2021 A NRI assessee who sold urban land & Building during the year ended 31/3/2020 and LTCL arises during the year. He still keeps sale consideration in NRO a/c. Now he wants to repatriate the money to foreign for his personal use. What procedure to be followed under INCOME TAX ACT & FEMA ACT?

17 July 2021 Pay applicable capital gains tax. File 15CA and ask a CA to file 15CB. Furnish 15CA and 15CB to your bankers for remittance.



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