yashsr (CA) (2285 Points)
17 May 2013An NRI wants to buy a property in India. What will be the documents required for this.. He is now having foreign national passport. How he will remit the funds..??
Of course Indian PAN is required..
Can you tell me what else..
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 11 June 2013
No documents are required.
Just transfer the funds to NRE/NRO account in India and purchase the property.
Take care of new section for deduction of TDS for property valued Rs. 50 lak or more than 50 lakhs.
Anuj
femaquery @ gmail.com
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