https://www.taxtmi.com/circulars?id=8152 NRIs and PIOs may acquire residential or commercial immovable property in India (excluding agricultural land, plantation property and farm houses) and must make payments by inward remittance through normal banking channels or by debit to NRE/FCNR(B)/NRO accounts; repatriation of sale proceeds by persons resident outside India is allowed up to the foreign exchange or FCNR/NRE amount originally paid (subject to tax clearance and documentary proof) with residential property repatriation restricted to not more than two properties and remittances from rupee funds/inheritance capped at US$1,000,000 per financial year without prior Reserve Bank permission. en-us Thu, 01 Jul 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8152 NRIs and PIOs may acquire residential or commercial immovable property in India (excluding agricultural land, plantation property and farm houses) and must make payments by inward remittance through normal banking channels or by debit to NRE/FCNR(B)/NRO accounts; repatriation of sale proceeds by persons resident outside India is allowed up to the foreign exchange or FCNR/NRE amount originally paid (subject to tax clearance and documentary proof) with residential property repatriation restricted to not more than two properties and remittances from rupee funds/inheritance capped at US$1,000,000 per financial year without prior Reserve Bank permission. Circulars FEMA Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8152