banner_ad

Restriction for an NRI if in case he wants to purchase property in India

142 views 4 replies
User Avatar

41 Points Joined June 2020
What are the restrictions under Income Tax Act, if a Non Resident purchases residential or commercial property in India.
0 Reply Share Follow
On 22 January 2021 at 14:50 Report
Replies (4)
User Avatar

Chartered Accountant
24588 Points Joined November 2019
You have to do the transactions through a registered person and have to get prior permission from RBI and you can purchase property and you have to maintain Non resident external account for such transactions
Reply
On 22 January 2021 at 15:01
User Avatar

41 Points Joined June 2020
Is there any restriction on Amount?
Reply
On 22 January 2021 at 15:09
User Avatar

17264 Points Joined December 2018
There are many provisions under RBI Banks income tax Act governing such transactions. better take advise of expert in person.
Reply
On 22 January 2021 at 20:15
User Avatar

Accountant
4533 Points Joined February 2017
Restrictions are under FEMA act not in income tax.
1 Reply
On 23 January 2021 at 23:33

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details