https://www.taxtmi.com/manuals?id=2863 Prohibition on holding foreign assets: Holding of foreign exchange by a person resident in India is generally prohibited; residents shall not acquire, hold, own, possess or transfer foreign exchange, foreign securities, or immovable property situated outside India except as expressly permitted by the Act. Where a resident receives foreign funds from abroad, the resident is required to surrender or repatriate those funds in accordance with the statute's prescribed mechanism. en-us Tue, 13 Jun 2023 15:30:00 +0530 Tue, 11 Jul 2023 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2863 Prohibition on holding foreign assets: Holding of foreign exchange by a person resident in India is generally prohibited; residents shall not acquire, hold, own, possess or transfer foreign exchange, foreign securities, or immovable property situated outside India except as expressly permitted by the Act. Where a resident receives foreign funds from abroad, the resident is required to surrender or repatriate those funds in accordance with the statute's prescribed mechanism. Manuals FEMA Tue, 13 Jun 2023 15:30:00 +0530 https://www.taxtmi.com/manuals?id=2863