FAQs: Purchase of immovable property outside India by Resident Individuals

Mitali , Last updated: 15 September 2023 Share Follow on Google News

Q.1 Can a resident continue to hold immovable property outside India which was acquired by him when he was a non-resident? Answer: According to section 6(4) of the FEMA, a person resident in India can hold, own, transfer or invest in any immovable property situated outside India if such property

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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