FAQs: Purchase of immovable property outside India by Resident Individuals

Mitali , Last updated: 15 September 2023  
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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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Mitali
(Finance Professional)
Category Income Tax   Report

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