Transactions involving repatriation and remittance of funds out of and into India is a subject matter that is governed by the Foreign Exchange Management Act, 1999 (FEMA) read with Reserve Bank of India (RBI) directives. In this regard, the RBI has delegated powers, to Authorised Dealers (AD) of foreign exchange, being banks and/or financial institutions, to process applications and effect repatriation of funds from India.
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TDS on Sale of Property to NRI - We are in a unique position to offer a complete package of solutions in relation to sale of real estate in India by NRIs. We hand-hold our clients right from the planning phase prior to sale of their property all the way up to repatriation of the proceeds thereon and ensuring that your tax returns are seamlessly filed in both countries along with DTAA benefits, if any.