https://www.taxtmi.com/news?id=13196 Acquisition of immovable property by foreign nationals under FEMA depends on residential status and visa purpose: a foreign national residing in India for more than 182 days in the preceding financial year with visa and supporting documentation evidencing an intention to stay for an uncertain period may be treated as a person resident in India and acquire immovable property (excluding agricultural land, plantations, and farmhouses); foreign companies with established branches may acquire property necessary or incidental to their business, and State authorities must verify eligibility and documentation before registering transactions. en-us Thu, 31 Jul 2014 17:24:55 +0530 Thu, 31 Jul 2014 17:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13196 Acquisition of immovable property by foreign nationals under FEMA depends on residential status and visa purpose: a foreign national residing in India for more than 182 days in the preceding financial year with visa and supporting documentation evidencing an intention to stay for an uncertain period may be treated as a person resident in India and acquire immovable property (excluding agricultural land, plantations, and farmhouses); foreign companies with established branches may acquire property necessary or incidental to their business, and State authorities must verify eligibility and documentation before registering transactions. News - Thu, 31 Jul 2014 17:24:55 +0530 https://www.taxtmi.com/news?id=13196