FEMA/RBI REQUIREMENT
This query is : Resolved
Gauav Aggarwal
(Querist)
02 February 2011
Is there any permission/declaration need to received/filed from FEMA/RBI in case of selling agriculture land in Punjab,India by NRI, so that funds can be remitted to abroad?
CA. Anuj Gupta
(Expert)
03 February 2011
Amount upto US$ 1 million can be remitted freely by NRI on payment of due taxes in India under FEMA.
Banks may insist on FORM 15 CB by a CA for effecting remittance outside India.
Banks may insist on FORM 15 CB by a CA for effecting remittance outside India.
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