https://www.taxtmi.com/circulars?id=52869 Acquisition and transfer of immovable property in India by NRIs and PIOs is permitted for residential and commercial property (excluding agricultural land/plantation/farm houses) with payments only by inward remittance or debit to permitted non resident accounts; repatriation of sale proceeds requires compliance with lawful acquisition, limits to amounts representing permitted foreign exchange or non resident account balances, and is subject to RBI permission or authorised dealer conditions, while inheritance, diplomatic purchases, business establishment acquisitions, country specific prohibitions, and tax compliance are governed by prescribed declarations and approvals. en-us Tue, 01 Jul 2014 00:00:00 +0530 Thu, 12 Mar 2015 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52869 Acquisition and transfer of immovable property in India by NRIs and PIOs is permitted for residential and commercial property (excluding agricultural land/plantation/farm houses) with payments only by inward remittance or debit to permitted non resident accounts; repatriation of sale proceeds requires compliance with lawful acquisition, limits to amounts representing permitted foreign exchange or non resident account balances, and is subject to RBI permission or authorised dealer conditions, while inheritance, diplomatic purchases, business establishment acquisitions, country specific prohibitions, and tax compliance are governed by prescribed declarations and approvals. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52869