30 May 2022
My client has made investment in Dubai property 25% down payment and rest 75% to be paid in 6 years This means liability in respect of foreign investment Whether this arrangement is allowed under FEMA
30 May 2022
Yes it's allowed. An Indian citizen can utilise the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India to invest in property abroad. The LRS permits free remittance of up to $250,000 per individual per financial year
CAclubindia
