Hi
Can a NRI sale its land situated in india to an Indian company for consideration other than cash? If yes then please mention the releveant provisions.
Moreover will this transaction fall under FDI rules?
CA. Pashupati Jha (Chartered Accountant) (29 Points)
11 February 2010Hi
Can a NRI sale its land situated in india to an Indian company for consideration other than cash? If yes then please mention the releveant provisions.
Moreover will this transaction fall under FDI rules?
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 13 February 2010
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