Multiple choice

A person residing in India

  1. can own foreign currency or immovable property if it was held when he was resident outside India

  2. can transfer foreign currency or immovable property if it was held when he was resident outside India

  3. can invest in foreign currency or immovable property if it was held when he was resident outside India

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the given options are true for a person residing in India or NRI, who is residing in India but was not previously.

Keep practicing — related questions