Repatriation of sale proceeds: NRIs and PIOs may remit proceeds without a holding-period restriction, subject to original foreign exchange limits. Removal of the lock-in period permits Non-Resident Indians and Persons of Indian Origin to remit sale proceeds of Indian immovable property without any minimum holding period, excluding agricultural land/farmhouse/plantation property, provided repatriation does not exceed the foreign exchange originally brought to acquire the property.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repatriation of sale proceeds: NRIs and PIOs may remit proceeds without a holding-period restriction, subject to original foreign exchange limits.
Removal of the lock-in period permits Non-Resident Indians and Persons of Indian Origin to remit sale proceeds of Indian immovable property without any minimum holding period, excluding agricultural land/farmhouse/plantation property, provided repatriation does not exceed the foreign exchange originally brought to acquire the property.
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