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In this article, I address frequently asked questions (FAQs) regarding the rules and restrictions governing borrowing and lending between residents and non-residents.
This article simplifies these requirements, covering property, stocks, ESOPs, and shares held abroad. Understanding what needs to be disclosed in the income tax returns and the consequences of non-compliance can help avoid legal and financial penalties.
FEMA does not define the term 'immovable property. In general, the term will include all types of immovable property residential, commercial, industrial or agricultural property.
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