Fema
This query is : Resolved
20 August 2012
if any person who is resident outside india transfer the property to person resident outside india for less then 5 year , then he require to get RBI approvel for such transaction or no and what kind of transaction is it?
20 August 2012
person resident as per FEMA and as per Income Tax are different. FEMA resident outside India may transfer his/her property OUTSIDE INDIA without taking any approval of RBI INDIA.
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