https://www.taxtmi.com/notifications?id=118699 Restriction on acquisition or transfer of immovable property outside India requires Reserve Bank general or special permission for residents, with exemptions for residents who are nationals of a foreign state and pre 1947 acquisitions retained with permission. Residents may acquire property abroad by gift or inheritance from specified persons, by purchase using funds in an RFC account, or jointly with a non resident relative without funds outflow. Inheritance or gifts from residents who complied with foreign exchange rules at original acquisition are permitted. Indian companies with overseas offices may acquire property for business and staff housing per Reserve Bank directions. en-us Thu, 21 Jan 2016 00:00:00 +0530 Thu, 28 Jan 2016 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118699 Restriction on acquisition or transfer of immovable property outside India requires Reserve Bank general or special permission for residents, with exemptions for residents who are nationals of a foreign state and pre 1947 acquisitions retained with permission. Residents may acquire property abroad by gift or inheritance from specified persons, by purchase using funds in an RFC account, or jointly with a non resident relative without funds outflow. Inheritance or gifts from residents who complied with foreign exchange rules at original acquisition are permitted. Indian companies with overseas offices may acquire property for business and staff housing per Reserve Bank directions. Notifications FEMA Thu, 21 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118699