https://www.taxtmi.com/circulars?id=52278 The Master Circular consolidates FEMA permissions and restrictions on acquisition and transfer of immovable property by NRIs, PIOs, diplomatic missions and foreign nationals. NRIs and PIOs may purchase non agricultural property and must pay only through prescribed banking channels or specified non resident accounts; purchases under general permission need no Reserve Bank filing. Diplomatic entities require Government clearance; non resident businesses must file Form IPI. Repatriation of sale proceeds is conditional on lawful acquisition, specified source/payment channels and limits, while citizens of certain countries need prior Reserve Bank permission for acquisitions. en-us Mon, 01 Jul 2013 00:00:00 +0530 Wed, 10 Jul 2013 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52278 The Master Circular consolidates FEMA permissions and restrictions on acquisition and transfer of immovable property by NRIs, PIOs, diplomatic missions and foreign nationals. NRIs and PIOs may purchase non agricultural property and must pay only through prescribed banking channels or specified non resident accounts; purchases under general permission need no Reserve Bank filing. Diplomatic entities require Government clearance; non resident businesses must file Form IPI. Repatriation of sale proceeds is conditional on lawful acquisition, specified source/payment channels and limits, while citizens of certain countries need prior Reserve Bank permission for acquisitions. Circulars FEMA Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52278