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of <h1>RBI Amends Foreign Exchange Management Regulations to Ensure Compliance with Indian Tax Laws on Property Transactions</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000, effective from its publication date in the Official Gazette. This amendment, part of the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2014, introduces a new regulation stating that any transaction involving the acquisition of immovable property in India must comply with applicable Indian tax laws.
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