https://www.taxtmi.com/manuals?id=6260 A person resident in India may hold, own, transfer or invest in foreign currency, foreign securities or immovable property outside India if those assets were acquired while the person was resident abroad or were inherited from a person resident abroad. Section 6(4) of the Foreign Exchange Management Act, 1999 authorises such holdings subject to those origin conditions, and resident individuals may also acquire overseas assets under the Liberalised Remittance Scheme (LRS). en-us Thu, 05 Dec 2024 15:45:00 +0530 Thu, 05 Dec 2024 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6260 A person resident in India may hold, own, transfer or invest in foreign currency, foreign securities or immovable property outside India if those assets were acquired while the person was resident abroad or were inherited from a person resident abroad. Section 6(4) of the Foreign Exchange Management Act, 1999 authorises such holdings subject to those origin conditions, and resident individuals may also acquire overseas assets under the Liberalised Remittance Scheme (LRS). Manuals FEMA Thu, 05 Dec 2024 15:45:00 +0530 https://www.taxtmi.com/manuals?id=6260