<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Purchase of Immovable Property in India by Persons of Indian Origin (PIOs) - Amendment of the definition</title>
    <link>https://www.taxtmi.com/circulars?id=7912</link>
    <description>Amendment expands the Person of Indian Origin (PIO) definition for acquisition of immovable property by adding mother and grandmother to the lineage criteria, while retaining prior exclusions and the provision that an individual who at any time held an Indian passport qualifies; Authorised Dealer Category I banks are directed to notify customers and apply the change under FEMA directions, subject to other statutory permissions.</description>
    <language>en-us</language>
    <pubDate>Wed, 13 Jan 2010 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 15 Jan 2010 15:36:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=262172" rel="self" type="application/rss+xml"/>
    <item>
      <title>Purchase of Immovable Property in India by Persons of Indian Origin (PIOs) - Amendment of the definition</title>
      <link>https://www.taxtmi.com/circulars?id=7912</link>
      <description>Amendment expands the Person of Indian Origin (PIO) definition for acquisition of immovable property by adding mother and grandmother to the lineage criteria, while retaining prior exclusions and the provision that an individual who at any time held an Indian passport qualifies; Authorised Dealer Category I banks are directed to notify customers and apply the change under FEMA directions, subject to other statutory permissions.</description>
      <category>Circulars</category>
      <law>FEMA</law>
      <pubDate>Wed, 13 Jan 2010 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/circulars?id=7912</guid>
    </item>
  </channel>
</rss>