purchase of residential land for commercial purpose under F
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2010
Dear Friends
Can a company Wholly owned subsidiary can purchase a land( for housing purpose) for commercial purpose. Kindly suggest me with explanation of DIPP and FEMA circulars.
regds
Arvind Sharma
Can a company Wholly owned subsidiary can purchase a land( for housing purpose) for commercial purpose. Kindly suggest me with explanation of DIPP and FEMA circulars.
regds
Arvind Sharma
25 April 2010
A land having registration of residential category can be purchased by any company. For making commercial / industrial use, the purpose has to be converted from the records of the land registrar after paying the necessary fees and complying with the procedure prescribed. DIPP and FEMA would come into picture only for a foreign company.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2010
Dear Rajesh thanks for your valuable raply. but kindly clarify me, what would happen if all the sum involve in the deals received from foreign investment. and if the company purchase the agriculture land in India through foreign investment.
26 April 2010
If the money is coming as a loan, then only FEMA provisions will apply. DIPP guidelies for FDI in real estate will apply only if it is a real estate project.
I am not aware of the intricate details.
I am not aware of the intricate details.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Tax rate change regarding
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
