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 Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Foreign Nationals from Specific Countries Need RBI Approval for Property Transactions in India; OCI Exempted</h1> Citizens of certain countries, including Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, Bhutan, Macau, Hong Kong, and DPRK, require prior Reserve Bank of India (RBI) permission to acquire or transfer immovable property in India, except for leases not exceeding five years. This restriction does not apply to Overseas Citizens of India (OCI). Foreign nationals of non-Indian origin residing in India, except those from the listed countries, can acquire immovable property. Those residing outside India can acquire property through inheritance from a resident or on leases not exceeding five years. All other property transactions by foreign nationals need RBI approval.
TaxTMI 
TaxTMI 
