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Can sale proceeds of such property sold be remitted out of India ?

April 26, 2017India proceeds Property remitted sale sold

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Can sale proceeds of such property sold be remitted out of India ?

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The sale proceeds of such property acquired in India to the extent of repatriable funds used for acquiring the property, up to two residential properties can be repatriated. The balance amount will be repatriable through NRO account subject to payment of taxes and obtention of certificate from Chartered Accountant.