Punjabkesari.com |
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NRI Investment in Immovable Property in India |
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Source ::: namasthenri |
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NRIs, irrespective of their citizenship can freely acquire and transfer residential as also commercial properties in India barring agricultural land and plantation, with repatriatibility of foreign exchange equivalent of cost of acquisition (maxi.two in case of resi.houses) and no restrictions as regards holding period. Rules for Acquisition & Transfer by NRIs being: Each of these subjects are explained in simple language together with: |
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Indian Citizens & Foreign Citizens  |