Existing foreign-held immovable property remains valid when acquired under the applicable policy, without mandatory conformity modifications. Existing holdings of immovable property in India by persons resident outside India are protected if acquired under the policy applicable at the time of ... Summary
Existing foreign-held immovable property remains valid when acquired under the applicable policy, without mandatory conformity modifications.
Existing holdings of immovable property in India by persons resident outside India are protected if acquired under the policy applicable at the time of acquisition. Those holdings are not required to be modified solely to comply with the Foreign Exchange Management (Non-debt Instruments) Rules, 2019.
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TaxTMI 
TaxTMI 
