https://www.taxtmi.com/news?id=3444 Taxability of a foreign capital asset sale depends on the taxpayer's residential status and the character/timing of receipt. A sale of foreign property completed before relocation, by a person who was resident but not ordinarily resident for the year, did not attract Indian capital gains tax. Transfers of funds between the taxpayer's own bank accounts, and repatriation of proceeds into India, do not amount to a new receipt of income in India capable of creating taxable capital gains. en-us Sat, 09 Jun 2012 11:19:49 +0530 Sat, 09 Jun 2012 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3444 Taxability of a foreign capital asset sale depends on the taxpayer's residential status and the character/timing of receipt. A sale of foreign property completed before relocation, by a person who was resident but not ordinarily resident for the year, did not attract Indian capital gains tax. Transfers of funds between the taxpayer's own bank accounts, and repatriation of proceeds into India, do not amount to a new receipt of income in India capable of creating taxable capital gains. News - Sat, 09 Jun 2012 11:19:49 +0530 https://www.taxtmi.com/news?id=3444