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Check FEMA regulations before buying property in Dubai, Real Estate News, ET RealEstate

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.

United kingdomJammu and kashmirUnited arab emiratesHarshal bhutaMitil chokshiSiddharth banwatPr bhuta coForeign exchange management actS banwat associatesRepresentative imageRepresentative imagefrequentReserve bankGolden visaRemittance schemeReserve bank of indiaS banwat amp associates llp

Dubai property investment: Buying a home in Dubai? Do a FEMA reality check

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.

United kingdomUnited arab emiratesJammu and kashmirHarshal bhutaMitil chokshiSiddharth banwatForeign exchange management actPr bhuta coS banwat associatesReserve bankGolden visaRemittance scheme

Dubai property investment: Buying a home in Dubai? Do a FEMA reality check

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.

Jammu and kashmirUnited arab emiratesUnited kingdomSiddharth banwatMitil chokshiHarshal bhutaPr bhuta coS banwat associatesForeign exchange management actReserve bankGolden visaRemittance scheme

Income Tax department s advisories put NRIs on notice on high value deals: Report

The NRIs who received such communication in the past few days also include those who have opened FCNR (foreign currency non-resident account) and/or NRE/ NRO deposits.

Pankaj bhutaPr bhuta coTax departmentIncome taxIt departmentCentral board of direct taxesNon resident indiansTax noticeIncome tax returnPersonal financeNro depositsNre depositsFcnr depositsIncome tax department

NRIs in a bind as taxman slaps advisories on high-value transactions

NRIs in a bind as taxman slaps advisories on high-value transactions
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