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Do funds realized on the sale/ drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers enjoy free repatriation from India?

April 26, 2017Co-operative drafts Estate exchange favour funds houses HOUSING issued realized sale Societies

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Do funds realized on the sale/ drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers enjoy free repatriation from India?

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The funds realized on the sale/ drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers do qualify for repatriation when the securities are purchased out of funds remitted from abroad.