Asset remittances remain subject to applicable Indian tax laws despite compliance with the foreign exchange remittance framework. Remittance of assets under the Foreign Exchange Management (Remittance of Assets) Regulations, 2016 is subject to applicable tax laws in India. Compliance ... Summary
Asset remittances remain subject to applicable Indian tax laws despite compliance with the foreign exchange remittance framework.
Remittance of assets under the Foreign Exchange Management (Remittance of Assets) Regulations, 2016 is subject to applicable tax laws in India. Compliance with the remittance framework does not displace tax obligations arising under Indian law in relation to the transaction.
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