https://www.taxtmi.com/acts?id=40941 Residents require Reserve Bank permission to acquire or transfer immovable property outside India, subject to exemptions including foreign-national holders, short leases, inheritance, gifts, purchases from compliant residents, purchases from RFC accounts, remittances under the Liberalised Remittance Scheme, joint acquisition with a relative abroad, acquisitions from permitted overseas income or sale proceeds, and permitted acquisitions by Indian entities for overseas staff; prior-compliant acquisitions may be transferred or charged as permitted, but holdings or transfers are disallowed if the initial investment was not permitted under the Act. en-us Tue, 23 Aug 2022 15:20:33 +0530 Thu, 29 May 2025 12:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40941 Residents require Reserve Bank permission to acquire or transfer immovable property outside India, subject to exemptions including foreign-national holders, short leases, inheritance, gifts, purchases from compliant residents, purchases from RFC accounts, remittances under the Liberalised Remittance Scheme, joint acquisition with a relative abroad, acquisitions from permitted overseas income or sale proceeds, and permitted acquisitions by Indian entities for overseas staff; prior-compliant acquisitions may be transferred or charged as permitted, but holdings or transfers are disallowed if the initial investment was not permitted under the Act. Act-Rules FEMA Tue, 23 Aug 2022 15:20:33 +0530 https://www.taxtmi.com/acts?id=40941