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Can the properties (residential / commercial) owned by NRIs be given on rent if not required for immediate use ?

April 26, 2017Commercial given immediate NRIs properties rent Residential

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Can the properties (residential / commercial) owned by NRIs be given on rent if not required for immediate use ?

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Yes. GOI in general has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income are eligible for repatriation.