Acquisition
Eligible non-residents may buy residential or commercial property in India. Agricultural land, plantation property and farmhouses remain restricted. Payment must follow prescribed banking channels. Inheritance is generally permitted even where a fresh purchase would not be.
Sale and taking money abroad
Sale is usually permitted. Repatriation of sale proceeds is subject to documentation, tax clearance and FEMA limits. Coordinating the lower-TDS certificate, the ITR and Forms 15CA/15CB is the difference between a two-week remittance and a six-month delay.
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