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FEMA Regulations: Acquisition and Transfer of Immovable Property in India
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Under FEMA, what is the maximum period for which a non-resident Indian (NRI) can hold immovable property in India?
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A
10 years
💡 Explanation:
As per FEMA regulations, an NRI can hold immovable property in India for a maximum period of 10 years from the date of acquisition.