Repatriation rights for NRIs/PIOs: loan repayments in foreign exchange permit repatriation of residential sale proceeds. Authorised dealers may allow repatriation of sale proceeds of residential immovable property acquired by NRIs/PIOs to the extent of consideration paid in foreign exchange or from NRE/FCNR accounts; repayments of rupee housing loans made by inward remittance or by debit to NRE/FCNR accounts are to be treated as equivalent to foreign exchange for repatriation purposes.
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 rights for NRIs/PIOs: loan repayments in foreign exchange permit repatriation of residential sale proceeds.
Authorised dealers may allow repatriation of sale proceeds of residential immovable property acquired by NRIs/PIOs to the extent of consideration paid in foreign exchange or from NRE/FCNR accounts; repayments of rupee housing loans made by inward remittance or by debit to NRE/FCNR accounts are to be treated as equivalent to foreign exchange for repatriation purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
