No, in general . The forign companies are allowed to buy the property in India . However , foreign national resident outside are clearly prohibited to acquire any property in India.The Reserve bank of India has stated in its FAQs no 5,6 & 7 as under
Q.5. Can a foreign national of non-Indian origin be
Can a foreign national acquire property in India?
April 30, 2010 by
Can a foreign company purchase immovable property in India?
April 30, 2010 by
As per RBI FAQ no 8 of the Acquisition and Transfer of Immovable Property in India by a Person Resident outside India , a foreign company which has established a Branch Office or other place of business in India, in accordance with FERA / FEMA regulations, can acquire any immovable property in India, which is
Can A Non Resident Indian Open Normal Bank Account or FDs in India?
March 15, 2010 by
I just saw question on FD by NRI in nationalized banks. I have further question- as an NRI can I make investment in FD with indian banks like SBI, ICICIBank through normal banking account or do I have to make FD only through some NRI account only? I guess that by convering my account into
CBEC Clarifies What is Export of Service For The Service Tax Purpose By A Circular!
April 25, 2009 by Leave a Comment
Confusion on the “Service of Exports ” have been tried to be clarified by CBEC through a circular dated the 24th February, 2009 stating that the relevant factor is the location of the service receiver and not the place of performance . Read the circular given below F.No.137/307/2007-CX.4 (Pt.) Government of IndiaMinistry of FinanceDepartment of [...]
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