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In case of repatriation is there any tax liability to the Indian Government?

April 26, 2017Case government indian liability Repatriation tax

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In case of repatriation is there any tax liability to the Indian Government?

2 Answers

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Yes, during repatriation Capital Gains (Long Term/Short Term) as applicable will be attracted. Long Term Capital Gains: For properties held for 36 months or more are termed as Long Term Capital Assets, and currently attracts a rate of 22.6% (Fin. Year: 2007-08) Short Term Capital Gains: For properties held for less than 36 months are termed as Short Term Capital Assets, and currently attracts a rate of 33.

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Yes, during repatriation Capital Gains (Long Term / Short Term) as applicable will be attracted.Long Term Capital Gains: For properties held for 36 months or more are termed as Long Term Capital Assets, and currently attracts a rate of 22.6% (Fin. Year: 2007-08), Short Term Capital Gains: For properties held for less than 36 months are termed as, Short Term Capital Assets, and currently attracts a rate of 33.9%.