Deals offering easy payment plans with instalments over years may violate FEMA. Regulations permit remittance of $250,000 per individual annually for property purchases abroad.
Navigating property purchases in Dubai can be a regulatory maze for Indians due to foreign exchange laws. Deals offering easy payment plans with instalments over years may violate FEMA. Regulations permit remittance of $250,000 per individual annually for property purchases abroad. However, transactions involving instalments create obligations in foreign exchange, potentially breaching FEMA rules. With Indians among the top property buyers in Dubai, it s crucial for buyers to understand and comply with Indian forex regulations to avoid legal issues.
Navigating property purchases in Dubai can be a regulatory maze for Indians due to foreign exchange laws. Deals offering easy payment plans with instalments over years may violate FEMA. Regulations permit remittance of $250,000 per individual annually for property purchases abroad. However, transactions involving instalments create obligations in foreign exchange, potentially breaching FEMA rules. With Indians among the top property buyers in Dubai, it s crucial for buyers to understand and comply with Indian forex regulations to avoid legal issues.
India Business News: The UK government plans to introduce a new tax regime in April 2025 affecting NRIs and recent migrants. This change will end the tax exemption for non
The new tax order, expected to take effect in April 2025, would increase their tax burden, require meticulous planning, and may even make the UK a less attractive country to migrate.