FEMA Study Circle Meeting on Acquisition and Transfer of Immovable Property under FEMA [Virtual Mode]

The International Taxation Committee of The Chamber of Tax Consultants (CTC) has organised a FEMA Study Circle Meeting on “Acquisition and Transfer of Immovable Property under FEMA”. It is scheduled on 6th March, 2023. 

                                                                                                                           

The Acquisition and Transfer of Immovable Property in India by Persons Resident Outside India is regulated by the Foreign Exchange Management Non-Debt Instrument Rules 2019 dated 17th October 2019 and the Acquisition and Transfer of Immovable Property outside India by Persons Resident in India is now regulated by Foreign Exchange Management Overseas Investment Rules 2022 dated 22nd August 2022. As the dates suggest, regulations dealing with immovable properties have been overhauled recently and an in-depth study of the rules would benefit all participants.