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Sriram.R (Employee)     05 April 2010

To bring cash to india earned via sale of asset in singapore

Hi Sriram here,

how to bring the money earned through sale of asset in singapore to india. i hold a NRE account in india. i have paid the tax while selling the property in singapore. can i just transfer the entire money to my local NRE account in india? will there be any tax i need to pay after i bring the money in to india? how much time can i hold the money in my NRE account? if i transfer the money to my local indian S/B account, will it attract any tax? do i need to invest the money in any assest within any stipulated period?

Can someone guide me with solution?



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