Repatriation and acquisition rules for nonresident property transactions dictate permitted transfers and documentation requirements. Acquisition, holding and transfer of immovable property in India by NRIs, PIOs and foreign nationals are governed by FEMA and RBI notifications: NRIs/PIOs have general permission to acquire residential and commercial property but not agricultural/plantation/farm houses (which need RBI approval); certain foreign nationals and citizens of specified countries require prior RBI approval. Transfer, mortgage, payment and repatriation rules depend on source of funds, purchaser category and documentation, with repatriation subject to prescribed limits, tax compliance and authorised dealer satisfaction. Residency is defined by FEMA criteria.
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 and acquisition rules for nonresident property transactions dictate permitted transfers and documentation requirements.
Acquisition, holding and transfer of immovable property in India by NRIs, PIOs and foreign nationals are governed by FEMA and RBI notifications: NRIs/PIOs have general permission to acquire residential and commercial property but not agricultural/plantation/farm houses (which need RBI approval); certain foreign nationals and citizens of specified countries require prior RBI approval. Transfer, mortgage, payment and repatriation rules depend on source of funds, purchaser category and documentation, with repatriation subject to prescribed limits, tax compliance and authorised dealer satisfaction. Residency is defined by FEMA criteria.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
