Remittance of sale proceeds requires repatriation-basis holding, tax payment, and approval for other cases involving non-resident debt investors. Transactions involving debt instruments must be undertaken through banking channels in India and are subject to applicable taxes, duties and levies. Sale ... Summary
Remittance of sale proceeds requires repatriation-basis holding, tax payment, and approval for other cases involving non-resident debt investors.
Transactions involving debt instruments must be undertaken through banking channels in India and are subject to applicable taxes, duties and levies. Sale proceeds may be remitted to a non-resident seller, net of applicable taxes, where the instrument was held on a repatriation basis and applicable Schedule conditions are met. Other sales and related remittances require Reserve Bank approval. Authorised dealers may permit inward and outward remittances for permitted derivatives transactions.
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