purchase of property outside india

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Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2009 Can an Indian invest in land and building in foreign country? if so what amount of investment he can make per financial year.

Juzer Sadikot

Juzer Sadikot (Expert)
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23 November 2009 A Resident Individual can acquire land and building in foreign country and for ther purpose, can remit/release forex upto USD 200000 per financial year per person outside India. The scheme is popularly known as libralised remittance scheme.

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Juzer