A NRI VISITS INDIA MANY TIMES AND EACH TIME HE CAME WITH HIMSELF MONEY IN INDIAN CURRENCY FROM ABROAD (WITH IN THE LIMIT SPECIFIED IN FEMA) AND AFTER THAT HE BUY A PROPERTY IN INDIA . CAN AN NRI DO SO.?
3 Replies
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 30 November 2011
Yes he can as there are no restrictions for a PROI to buy immovable property in India
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