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What Are The Legal Issues Associated With A NRI Having A British Passport Buying A Business Property In India?

Posted in atoneplace.com, Builder, Buy Real Estate, FCNR Account, Index of land, India, Indian Property, Indian Real Estate, legal, NRE account, NRI, Property Registration, Real Estate, Real estate legal india atOnePlace.com, tagged Business property, Capital gains, debit, Foreign currency, foreign exchange, immovable property, Inheritance, NRE, NRI, PIO, property transfer, remittance, repatriation, tax compliance on February 20, 2009| 1 Comment »

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

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Posts Tagged ‘Foreign currency’

What Are The Legal Issues Associated With A NRI Having A British Passport Buying A Business Property In India?

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