FEMA/RBI REQUIREMENT

This query is : Resolved 

02 February 2011 Is there any permission/declaration need to received/filed from FEMA/RBI in case of selling agriculture land in Punjab,India by NRI, so that funds can be remitted to abroad?

03 February 2011 Amount upto US$ 1 million can be remitted freely by NRI on payment of due taxes in India under FEMA.
Banks may insist on FORM 15 CB by a CA for effecting remittance outside India.



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