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Can the properties (residential/commercial) be given on rent, if not required for?

April 26, 2017Commercial given properties rent Residential

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Can the properties (residential/commercial) be given on rent, if not required for?

1 Answer

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Yes. The Reserve Bank has granted general permission for letting out of any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account.