The AI answer we saw
Yes, NRIs can purchase residential and commercial properties in India under FEMA regulations without RBI approval, except for agricultural land, plantation property, or farmhouses. Rental income earned in India is taxable under Indian income tax laws (TDS at 30% for NRIs applies). Repatriation of rental income is permitted up to the net amount after taxes, subject to a limit of 1 million USD per financial year. Funds must be routed through an NRO account, and repatriation requires Form 15CA/15CB certification. Property management software with NRI compliance modules can help track rental income, TDS deductions, and repatriation documentation efficiently.
Captured during this Readable report run. Answers can vary by AI tool and date.