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Sale of land by OCI holders

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(Querist)
01 August 2024 What are the procedures that an OCI seller has to undergo for selling land in India
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 August 2024 NRI or OCI who has acquired immovable property in India in accordance with the foreign exchange laws in force at that time can sell such property to an Indian resident, provided: The transaction takes place through banking channels in India; and. Indian resident is not otherwise prohibited from such acquisition.
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