A foreign citizen buying property in india
This query is : Resolved
13 August 2012
Hello,
If a foreign citizen(USA citizen) buys property in India, is he required to file return in India even though his stay in India is less than 180 days in the year and he rarely visits India?
If a foreign citizen(USA citizen) buys property in India, is he required to file return in India even though his stay in India is less than 180 days in the year and he rarely visits India?
CA. Anuj Gupta
(Expert)
13 August 2012
Foreign Citizen under he becomes an Indian Resident as per FEMA(subject to local State Land Laws)is not allowed under FEMA to purchase the property in India.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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