SUB : Assets/Money Transfer from India to overseas on immigration for permanent settlement on immigrant visa .
Hi ,
What are the rules and procedures to be followed for transferring money/assets abroad when a person plan to migrate from India to a Western country for permanent settlement on immigrant visa . He has got a house in a town which he wants to sell off and wish to carry the proceeds along with his other deposits in banks , in foreign exchange through Indian banking channels , following all Indian rules and procedures legally . Kind advise step-by-step , considering Indian Tax rules , Banking rules and other Govt. formalities .
Thanks in anticipation ,
PP
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