https://www.taxtmi.com/circulars?id=54263 Acquisition or transfer of immovable property outside India by a person resident in India requires prior approval of the Reserve Bank, subject to specified exceptions including gifts, inheritance, RFC-account-funded purchases, joint acquisition with a non-resident without outflow of Indian funds, and certain pre-1947 holdings; Indian companies with overseas offices may acquire property within prescribed remittance limits for initial and recurring expenses. en-us Thu, 04 Feb 2016 00:00:00 +0530 Thu, 04 Feb 2016 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54263 Acquisition or transfer of immovable property outside India by a person resident in India requires prior approval of the Reserve Bank, subject to specified exceptions including gifts, inheritance, RFC-account-funded purchases, joint acquisition with a non-resident without outflow of Indian funds, and certain pre-1947 holdings; Indian companies with overseas offices may acquire property within prescribed remittance limits for initial and recurring expenses. Circulars FEMA Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54263