HOME FORUM CLASSIFIEDS GREETINGS BATCHMATES CHAT
RECIPES
LOVE LOVE
AUCTIONS
CONTEST
Chandigarhcity.com

ChandigarhIndiaWeb
ChandigarhCity.com [AdvancedSearch]
MegriSoft Network
Free Stuff . Local Dak . Chandigarh A-Z . Non_Resident . Chandigarh News . Poll . Free Poll. Chandigarh Shop. Tell a Friend . Weekly Events
  Free E-mail @hotdak.ne
E-mail login: Password:
Newusers Signup!
Lost password ?
 Find Chandigarh
Web Directory
Yellow Pages
People Finder
Search Engine
Chandigarhcity.com
India Search Engine
India Web Directory
Pay Per Click Search
Entertainment
Astrology
Chat
Career
Dating
Games
Jokes
Kids
Models
Movies
Music
PenPals


Chandigarh City - RBI Notification FERA-152
Income Tax
PIO Scheme
Spl Provisions
Tax-exemption
PIO Form
FERA-152


2.Consideration for the property purchased is met out of foreign exchange remittedfrom abroad through normal banking channels or funds withdrawn from the purchaser's NRE/FCNR account maintained with banks in India.
3.A declaration is submitted to Reserve Bank (Central Office) about acquisition of the commercial property in form IPI-7 within a period of 90 days from such acquisition/final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.
4.Reserve Bank would consider applications for repatriation of original investment in commercial property in respect of properties purchased on or after 26th May 1993 up to the consideration amount remitted in foreign exchange for the acquisition of the property provided the property is sold after a period of three years from the date of the final purchase deed or from the date of payment of final installment of consideration amount, whichever is later. The balance amount of sale proceeds of the property/ies should be credited to the seller's NRO account or Resident Rupee Account (Q.A. 22 Account) in the case of resident foreign citizens maintained with a bank in India. Applications for repatriation of the amount should be made to Reserve Bank (Central Office) in form IPI-8 within 90 days of the sale of the property.
C. Who is considered as a foreign citizen here? For the purpose of above general permission, a foreign citizen is deemed to be of Indian origin if (a) he held an Indian passport at any time, or (b) he or his father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955) provided that the citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka and Nepal shall be deemed to be not of Indian origin.

Chandigarhcity
Art & Culture
Artists
Add a Site
Distances
Education
Festivals
Gardens
Help Line
History
Links
Museums
Photo Gallery
Religious
Statistics
Sports
Tourism
Telephone Directory
Weather
Your Photo Gallery

Cool Links
National Anthem
Chandigarh Links
W'happen On B'Day
Domain Search
Web Promotion
Free Submit
Free Submit
Free HomePage
Free Netcard
Free Shop Online
India Yellow Pages
Free India Classifieds
Email Hosting
Web Hosting

Chat - LOVE LOVE - Recipes - Quiz - Music Search Games - Baby names - Snap Gallery - News
Free Submit 40 search Engine - Site Awards - Rank Your Site - Add a Site - Free meta Tag - Free Banners - Webmasters - India Meta Search - www Directory - Web Directory - Web Site Directory - India Yellow Pages - India Hotels Search - Indian Search Engine - Domain Shop - Check popularity - keyword search - Free Submit

Home| Advertise| Add aSite| GuestBook| About us| Disclaimer| Bookmark Us| Link2Us| Query | Press Release

Megrisoft Related sites : Himachal Pardesh - Search Punjab - Punjab Portal - Chandigarh Directory - Chandigarh City - Business & Economy - Embroidery Digitizing - Embroidery Digitizing -

Chandigarh City
Chandigarh Travel and Tourism Portal
A Venture of India Web Hosting & Web Promotion company
1999- 2003 MegriSoft. All Rights Reserved Chandigarh