https://www.taxtmi.com/circulars?id=53689 Regulation permits NRIs and PIOs to purchase residential and commercial immovable property in India (excluding agricultural land, plantation property and farm houses) with payments made by inward remittance through normal banking channels or by debits to specified non-resident accounts; purchases under general permission need no Reserve Bank filing. Persons resident outside India establishing a branch or office may acquire property necessary for the permitted activity subject to laws and filing Form IPI. Repatriation of sale proceeds is allowed only under prescribed conditions and limits, with inheritance and rupee-funded holdings subject to documentary proof and tax compliance; citizens of certain countries and non-resident foreign nationals face additional restrictions or require prior approval. en-us Wed, 01 Jul 2015 00:00:00 +0530 Fri, 26 Jul 2024 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53689 Regulation permits NRIs and PIOs to purchase residential and commercial immovable property in India (excluding agricultural land, plantation property and farm houses) with payments made by inward remittance through normal banking channels or by debits to specified non-resident accounts; purchases under general permission need no Reserve Bank filing. Persons resident outside India establishing a branch or office may acquire property necessary for the permitted activity subject to laws and filing Form IPI. Repatriation of sale proceeds is allowed only under prescribed conditions and limits, with inheritance and rupee-funded holdings subject to documentary proof and tax compliance; citizens of certain countries and non-resident foreign nationals face additional restrictions or require prior approval. Circulars FEMA Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53689