Fema
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2018
Whether NRI can invest in agri land purchase cost Rs.4000000. Whether he can use liberalised remittance scheme for such purchase if so upto how much he can utilise? Whether he can remit money through NRI OR NRO ACCOUNT?
01 September 2018
NRIs are prohibited from buying agricultural land in India irrespective of the amount
01 September 2018
If NRI needs to purchase,then specific approval from RBI is required
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