Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Can Foreign Embassies/ Diplomats/ Consulate Generals acquire property in India? - FEMA - FAQ - FEMAExtract Answer: Foreign Embassy/ Diplomat/ Consulate General, can purchase/ sell immovable property (other than agricultural land/ plantation property/ farm house) in India provided (a) Clearance from the Government of India, Ministry of External Affairs is obtained for such purchase/sale, and (b) The consideration for acquisition of immovable property in India is paid out of funds remitted from abroad through banking channels.
|