Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
FEMA - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Purchase of property in India - Individual arrived in India on ...


RBI Clarifies: No FEMA Permission Needed for Property Purchase After 182-Day Stay on Business Visa in India.

September 17, 2019

Case Laws     FEMA     AT

Purchase of property in India - Individual arrived in India on Business Visa - He had continuously stayed for a period of 182 days - RBI said that no permission is required under FEMA - Thus, there is no violation of FEMA - AT

View Source

 


 

You may also like:

  1. Cash deposited by the assessee jointly with his father - So far as regards the AO's observation that NRIs cannot purchase agricultural land in India without RBI...

  2. Resident of India - number of days of stay in India - a citizen of India, or a person of Indian origin - if the assessee comes to a visit in India, the requirement of...

  3. The ITAT ruled that an assessee who stayed outside India for 210 days (182 days for employment and 28 days seeking employment) qualified as a non-resident under section...

  4. Residence in India - Residential status - Status of the assessee as “Resident” of India - calculation of days of stay in India - inclusion of date of arrival in counting...

  5. Income accrued in India - Status of Non Resident - Determinative test for the status of Non Resident being number of days of stay in India and in assessee's case in...

  6. The appellants challenged the order contravening FEMA for unauthorized direct investment outside India in an overseas JV not engaged in bona fide business activity. They...

  7. Status of assessee – Resident vs Non-resident – Day of arrival, particularly late in the day should be excluded. If we exclude the date of arrival as it is not a...

  8. Revision u/s 264 - Residential Status of Individual - how many days petitioner stayed on foreign soil - treating the assessee/petitioner as “Resident” for having stayed...

  9. The petitioner, a US citizen and Overseas Citizen of India (OCI) cardholder, violated FEMA regulations by purchasing vast agricultural properties in India without RBI...

  10. Permission to resident and non-resident entities to undertake hedge transactions with simplified Procedures - FEMA

  11. Debts due to secured creditors under SARFAESI Act have priority over debts under FEMA. SARFAESI Act being a later enactment prevails over earlier FEMA. SARFAESI Act...

  12. Residential Status of assessee - when his stay in India during the relevant period was only 68 days which is much less than the period of 182 days as per statutory...

  13. The High Court held that rent income derived from letting out properties by the assessee should be treated as 'Income from Profits and Gains of Business' and not 'Income...

  14. Indirect contribution of wife in the purchase of the property - Joint properties purchased by husband and wife [housewife] - legal owner - the 1st defendant/wife has...

  15. Permission for Direct Investment in certain cases - direct investment in joint venture or wholly owned subsidiary outside India - It was for the respondent/RBI to...

 

Quick Updates:Latest Updates