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Under the Portfolio Management Scheme, can capital gains be repatriated?

April 26, 2017capital gains Management portfolio repatriated Scheme

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Under the Portfolio Management Scheme, can capital gains be repatriated?

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Yes. The dividend and the capital originally invested along with the capital gains thereon can be repatriated only after the tax is paid and a no-objection certificate is obtained from the concerned Department. An NRI should authorize only one branch of only one bank in India for the portfolio management scheme, though.