Question asked by Sheena Thomas :
Dear Ms Vatsala Dhananjaya,
Can you please advise on the legal issues with a NRI with a British passport buying a business property in India. The person in question has all family (parents etc) all indians born and settled in India. Also, if a business property is bought in India by the NRI, if he were to sell the property, could he transfer any profit made to an account in the UK.
Thanks in advance for your help.
Sheena Thomas
Can you please advise on the legal issues with a NRI with a British passport buying a business property in India. The person in question has all family (parents etc) all indians born and settled in India. Also, if a business property is bought in India by the NRI, if he were to sell the property, could he transfer any profit made to an account in the UK.
Thanks in advance for your help.
Sheena Thomas
Vatsala’s Answer has been moved to our new site
Thanks for the valuable information!