LawRato

Can we sell foreign property and take that money to India


29-Apr-2023 (In Tax Law)

Sir , I want to ask you that my relative lives in Italy and he had sold his property and that money want to take away to India...so please tell me what is the procedure of Indian Law....

Answers (1)

Answer #1
641 votes
The following laws need to be looked into before getting money into India :
1. FEMA Regulations
2. Income tax provisions including provisions of the Double Taxation Avoidance Agreement between India and Italy

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."