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Can a Foreign national of Indian origin pay the purchase price of the residential property out of his Non Resident Ordinary (NRO) account?

No. The purchase price of the residential property should either come from remittances from abroad or by debit to his NRE or FCNR accounts.

08 Dec 2008

No. The purchase price of the residential property should either come from remittances from abroad or by debit to his Non Resident External (NRE) or Foreign Currency Non-Resident (FCNR) accounts.



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