3.)

What is the time limit to file the Return of Income to claim refund of tax deducted in various years?

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4.)

Is there any concessional rate of taxation for NRI, under the Income tax Act, 1961?

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5.)

Is it possible for NRI to get the benefit of lower rates of taxation under Double Taxation Avoidance Agreement even at the time of tax deduction at source?

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6.)

What are the tax-liabilities of persons leaving India for good for Income earned in India in the year of departure?

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7.)

What are the tax-liabilities of Returning NRI's?

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FEMA

1.)

When and how one is treated as NRI under the Foreign Exchange Management Act,1999?

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2.)

As NRI, I have inherited assets held in India by my parents. Can I repatriate sale proceeds of assets inherited by me?

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3.)

There are complicated legal procedures for transfer of assets from deceased to legal heirs. Is it possible to arrange the documents of all the assets in a manner which ensures smooth transfer to NRI legal heirs? Is it necessary to prepare WILL of each member of the family?

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4.)

I am holding substantial assets in India. My entire family is settled outside India and hence holding assets in India is not usefull. What are my rights of repatriation of these assets?

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5.)

I am holding residential property in India. I wish to sell it to an NRI settled outside India can I receive payment directly from him outside India and transfer property to him.?

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6.)

I was holding NRI Bonds-1988/NRI Bonds(Second series) of State Bank of India, which has matured. As per terms of the issue, the principal and Income were not repatriable but as per new FEMA/FERA provisions it is permitted for repatriation. Can I get the Income from these Bonds repatriated in Foreign Exchange and what is the quantum?

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7.)

After remaining Non-resident Indian for many years, I want to come to India for good. I have assets both in India as well as abroad. Kindly let me know whether I can retain assets held outside India? What are the tax consequences?

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8.)

I am an NRI settled outside India since couple of years. What are the legal compliance I am required in relation to RBI, Income-tax department and assets held in India.?

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