https://www.taxtmi.com/manuals?id=767 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. en-us Sun, 15 Sep 2013 15:14:00 +0530 Sun, 15 Sep 2013 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=767 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. Manuals FEMA Sun, 15 Sep 2013 15:14:00 +0530 https://www.taxtmi.com/manuals?id=767