Investment in abroad
This query is : Resolved
CA. A.K. MADHU BALAN
(Querist)
19 March 2008
Can an Indian Citizen have investment in abroad? Can he invest in immovable assets abroad? If so, what are the provisions that are given by RBI?
CA J M Pattanayak
(Expert)
19 March 2008
Indian Citizen can invest in Abroad.
Refer FEMA guidelines.
Refer FEMA guidelines.
20 March 2008
Yes Indian Citizen can invest in abroad. The limit set is around US $ 200,000
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