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What should be the method of payment for purchasing residential immovable property in India by Foreign Nationals of Indian origin under the general permission ?
What should be the method of payment for purchasing residential immovable property in India by Foreign Nationals of Indian origin under the general permission ?
Manu
Answered on July 09,2020
Answered on July 09,2020
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India
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