TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New RBI Circular: Foreign Residents Must Report India Property Acquisitions Within 90 Days Under FEMA 1999.</h1> The circular addresses the reporting requirements for the acquisition of immovable property in India by persons resident outside India. It specifies that individuals who have established a branch, office, or place of business in India (excluding liaison offices) must file a declaration with the Reserve Bank of India within 90 days of acquiring property. However, there are no reporting requirements for Indian citizens or Persons of Indian Origin acquiring property under certain conditions. The circular instructs banks to inform their clients about these requirements and clarifies that these directions are issued under the Foreign Exchange Management Act, 1999.
TaxTMI 
TaxTMI 
