Can such property be sold without the permission of Reserve Bank? Can sale proceeds of such property if and when sold be remitted out of India?
In respect of residential properties purchased on or after 26th May 1993, Reserve Bank considers applications for repatriation of sale proceeds up to the consideration amount remitted in foreign exchange for the acquisition of the property for two such properties. The balance amount of sale proceeds if any or sale proceeds in respect of properties purchased prior to 26th May 1993, will have to be credited to the ordinary non-resident rupee account of the owner of the property.
Related Questions
- Can such property be sold without the permission of Reserve Bank? Can sale proceeds of such property if and when sold be remitted out of India?
- Can the sale proceeds of such property (if and when sold) be remitted / repatriated out of India?
- Can sale proceeds of such property when sold be remitted out of India?
