purchase of property outside india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2009
Can an Indian invest in land and building in foreign country? if so what amount of investment he can make per financial year.
Juzer Sadikot
(Expert)
23 November 2009
A Resident Individual can acquire land and building in foreign country and for ther purpose, can remit/release forex upto USD 200000 per financial year per person outside India. The scheme is popularly known as libralised remittance scheme.
Regards
Juzer
Regards
Juzer
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