DEAR ALL PLEASE CLARIFY
IF a Non resident Indian disposes his residential asset in India and paid the long term capital gain in India whether the proceeds can be taken back to his present country( USA). Banker is asking 15CA And 15CB. What are the implications of DTAA on this transactions. Kindly guide
with regards
DTAA applicability on NRI long term capital gains remittance, with documentary and withholding questions about Forms compliance. Applicability of the Double Taxation Avoidance Agreement to sale proceeds when a non resident Indian sells residential immovable property in India after paying long term capital gains tax, and seeks to remit the proceeds abroad; includes the banker's request for Forms 15CA and 15CB as procedural documentary requirements for remittance and withholding verification. (AI Summary)