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Daily Archives: March 3, 2020

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Repatriation of the sale proceeds of immovable property

Featured, Foreign ExchangeBy Surendra NaikMarch 3, 20202 Comments

[This article elucidates the FEMA rules for the transfer of sale proceeds of immovable properties abroad and the documents required for the same.] Section 6(5) in the Foreign Exchange Management Act, 1999 provides that “A person resident outside India may hold, own, transfer or invest in Indian currency, security or any immovable property situated in…

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