Menu
Nri wants to start a real estate business
Mr. X is an NRI. he wants to purchase land in various places and start real estate business in India.
for the above purposes, he will bring his own capital and also borrow money from his relatives and friends (all resident Indians).
Whether the above transaction will be in order under FEMAct.
Replies (1)
if money is coming from foreign land FEMA will be applicable
Recent Topic
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
Related Topics
CAclubindia
