Easy Office
LCI Learning

Fema

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 September 2018 Whether NRI can invest in agri land purchase cost Rs.4000000. Whether he can use liberalised remittance scheme for such purchase if so upto how much he can utilise? Whether he can remit money through NRI OR NRO ACCOUNT?
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
01 September 2018 NRIs are prohibited from buying agricultural land in India irrespective of the amount
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
01 September 2018 If NRI needs to purchase,then specific approval from RBI is required
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links