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Can NRI invest in immovable properties on repatriation basis?

basis immovable invest NRI properties Repatriation
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Can NRI invest in immovable properties on repatriation basis?

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Ans.: Yes, Repatriation benefit is available for 2 residential houses. The purchase should be out of funds remitted from aboard or out of NRE/FCNR a/cs, in accordance with the provisions of FERA/FEMA. 29.

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