Legal Question in Real Estate Law in India
Hi,
My brother is an NRI. Can I buy a flat with him jointly. What are the legal and tax implication of the same
Asked on 11/16/10, 7:49 pm
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
there are no implication in buying the property with NRI. His share of money has to be paid out of NRE account and not NRO account. that is the only pre caution.
For tax, you please speak to your CA.
Answered on 11/16/10, 9:24 pm
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