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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign exchange property transactions must use Indian banking channels and pay applicable taxes under Regulation 11</h1> Regulation 11 of the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018 mandates that all transactions involving acquisition or transfer of immovable property must be conducted through Indian banking channels and are subject to payment of applicable taxes, duties, and levies in India. This regulation ensures proper monitoring and compliance with Indian tax obligations for property transactions covered under these foreign exchange management regulations.
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