Acquisition and Transfer of Property in India by a Non-Resident Indian or an Overseas Citizen of India

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..... a by a Non-Resident Indian or an Overseas Citizen of India:- An NRI or an OCI may (a) acquire immovable property in India other than agricultural land/ farm house/ plantation property: Provided that the consideration, if any, for transfer, shall be made out of (i) funds received in India through banking channels by way of inward remittance from any place outside India or (ii) funds held .....

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..... ns of the foreign exchange law in force at the time of acquisition by him or the provisions of these Regulations or (b) from a person resident in India; (d) transfer any immovable property in India to a person resident in India; (e) transfer any immovable property other than agricultural land/ farm house/ plantation property to an NRI or an OCI. - - statute, statutory provisions leg .....

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