FEMA and International Taxation
- Foreign Contribution (Regulation) Act, 2010
- Accounts & Audit
- All FCRA services online
- Applicability
- Change of designated bank account, name, address, aim, objects or key members of the association
- Declaration of receipts of foreign contribution
- Foreign Contribution
- Inspection & Seizure
- Introduction
- Penalty
- Registration of the Association
- Restriction on Administrative Expenses
- Restrictions on acceptance of foreign hospitality
- Restrictions on Accepting FC
- Speculative Activity
- Total Ban on acceptance of Foreign Contribution & Hospitality
- Transfer of FC to other Registered or Unregistered Persons
- Foreign Exchange Management Act, 1999
- Acquisition and transfer of Immovable property in India
- Acquisition and Transfer of Immovable Property outside India
- Bank Accounts in India
- Borrowings from Non-residents
- Branch/Liaison/Project Office in INDIA
- Branch/Liaison/Project Office outside India
- Capital & Current Account Transactions
- Compounding & Contravention under FEMA
- Cross Border Merger Regulations
- Introduction
- Investment in India
- Miscellaneous
- Overseas Direct Investments
- Residential Status under FEMA
- Trade Transactions – Import & Export
- International Taxation
Acquisition and Transfer of Immovable Property outside India
Immovable property outside India can be acquired by following persons:
A. Individuals
|
Person Resident In India |
Indian Nationals Resident Outside India |
Foreign Nationals Resident in / Outside India |
|
|---|---|---|---|
|
1. |
By way of gift or inheritance from any person resident in India but who was a non- resident and had acquired the property while he was a non-resident |
No restrictions |
No restrictions |
|
2. |
By purchase out of funds held in RFC Account |
||
B. Others
|
Branches/Trading Offices of Indian Companies |
Foreign Subsidiaries of Indian Companies |
Foreign Companies |
|
|---|---|---|---|
|
1. |
For their business |
No restrictions |
No restrictions |
|
2. |
Residence of their staff |
||