Capital gains tax as applicable will have to be paid in India
Current provisions
Asset class
Equity
Debt
Real estate
Cut off period
1 year
1 year
3 years
Long term
Nil
10% before indexation or 20% after indexation whichever is lower
10% before indexation or 20% after indexation whichever is lower
Short term
15%
As per tax slab
As per tax slab
Dividends, rental and interest income are taxable in India as per prevailing IT laws
Repatriation
Sale proceeds of immovable properties
Sale proceeds of 2 residential properties can be freely repatriated
No limits as above on commercial property
Gains can be repatriated upto USD 1 mn every F.Y.
Balance will have to be maintained in NRO and can be repatriated as above
Sale proceeds of assets other than immovable property
(a) NRIs are eligible to remit an amount upto USD One million, per financial year the sale proceeds / realisation of :
Deposits with Banks/ Firms/ Companies
PF/ Super Annuation Balance
Life Insurance Maturity proceeds / claims
Sale proceeds of Shares, Securities etc
Current income
All types of income in nature of Dividend, Interest, Rent, Mutual fund, distribution from any type of deposits, investment, or properties including profits of business as partner/proprietor is freely permitted for repatriation net of Income Tax
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