https://www.taxtmi.com/forum/issue?id=111196 Whether RBI approval is required for repatriation of property sale proceeds credited to an NRO account is the operative issue: an NRI director advanced funds to his private company (treated as director loans), the company purchased and later sold immovable property without capital gain after indexation, transferred sale proceeds to the director's NRO account, and faces a bank refusal to remit abroad pending RBI approval, with reference to RBI DIR Series guidance. en-us Sat, 03 Dec 2016 17:14:42 +0530 Thu, 23 Jan 2025 15:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111196 Whether RBI approval is required for repatriation of property sale proceeds credited to an NRO account is the operative issue: an NRI director advanced funds to his private company (treated as director loans), the company purchased and later sold immovable property without capital gain after indexation, transferred sale proceeds to the director's NRO account, and faces a bank refusal to remit abroad pending RBI approval, with reference to RBI DIR Series guidance. Discussion-Forum FEMA Sat, 03 Dec 2016 17:14:42 +0530 https://www.taxtmi.com/forum/issue?id=111196