Long-term capital gains are taxed at 20% plus surcharge, education cess
If the investment is regarded as a capital asset, the capital gains from the transfer of the foreign investment shall be taxable
Also, at the time of maturity there could be a potential tax implications, depending on the type of investment
I am an Indian resident since 2008. Prior to that, I was a non-resident Indian (NRI), working in the UAE. In 2007, I had made an investment in the UAE, which is maturing soon. I wish to transfer the returns to my resident bank account in India. Do I have to make any declaration in my income tax returns (ITR) for this year? Once the amount is repatriated to India, what will be my tax liability?