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What are the scenarios under which Form FC-TRS is required to be filed in doing business?

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Mukesh Mukesh
Answered on February 13,2020

Form FC-TRS shall be required to be filed within sixty days of receipt/ remittance of funds or transfer of capital instruments whichever is earlier, under the following scenarios for transfer of capital instruments by way of sale:

  • From a person resident outside India holding capital instruments in an Indian company on a repatriable basis to a person resident outside India holding capital instruments on a non-repatriable basis
  • From a person resident outside India holding capital instruments in an Indian company on non-repatriable basis to a person resident outside India holding capital instruments on repatriable basis
  • From a person resident outside India holding capital instruments in an Indian company on repatriable basis to a person resident in India
  • From a person resident in India holding capital instruments in an Indian company to a person resident outside India holding capital instruments on repatriable basis
  • By a person resident outside on a recognized stock exchange
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