Repatriation of income and sale proceeds of assets held abroad by NRIs who have returned to India for permanent settlement/acquired abroad through remittances under LRS - Clarification.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Repatriation rules: income and sale proceeds of foreign assets need not be brought to India after return, and LRS income may be retained. Income and sale proceeds of foreign assets owned when resident abroad or inherited from a former non-resident need not be repatriated upon return to India; investors may retain and reinvest income from investments made under the Liberalised Remittance Scheme. Authorised Dealer banks are to inform customers of these clarifications under FEMA.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repatriation rules: income and sale proceeds of foreign assets need not be brought to India after return, and LRS income may be retained.
Income and sale proceeds of foreign assets owned when resident abroad or inherited from a former non-resident need not be repatriated upon return to India; investors may retain and reinvest income from investments made under the Liberalised Remittance Scheme. Authorised Dealer banks are to inform customers of these clarifications under FEMA.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
