June 29, 2023: The government on June 28 deferred its decision to charge 20% TCS (tax collected at source) on foreign remittances through credit card under the Liberalised Remittance Scheme (LRS). The Centre has … READ FULL STORY
The provisions related to owning of an immovable property outside India by a resident Indian, are governed by the Foreign Exchange Management Act (FEMA). Owning an immovable property The FEMA restricts Indian residents … READ FULL STORY
The Enforcement Directorate (ED), has said that it has issued a seizure order, under section 37A of FEMA, freezing a flat in the posh Vasant Kunj area of Delhi and a land in Chauba … READ FULL STORY
The general consensus among many experts today, is that there is limited choice for new real estate investments in India’s metropolitan regions, given the spiralling prices of real estate and the lack of confidence … READ FULL STORY
Rajeev Sood was negotiating for a sea-facing luxury property in Mumbai, at a whopping price of Rs 50,000 per sq ft. However, before he could close the deal, a business trip to Dubai completely … READ FULL STORY
Indians’ spends on housing investments overseas, rose by almost 59-folds, from USD 1.9 million in 2005-06 to USD 111.9 million in 2016-17, with compact apartments of less than 1,500 sq ft emerging as the … READ FULL STORY
