Payment of taxes on immovable property acquisitions remains governed by applicable tax laws despite foreign exchange regulations. Transactions involving acquisition or transfer of immovable property under the Regulations are subject to applicable tax laws in India; tax liabilities arising from such property transactions remain governed by relevant tax statutes and are not displaced by the foreign exchange regulatory framework. Authorised Dealers are instructed to notify their constituents, and the clarification is issued without prejudice to any permissions or approvals required under other laws.