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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. ....

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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. ....

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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. ....

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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. ....

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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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