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Using an NRO Account for Property Transactions in India
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Using an NRO Account for Property Transactions in India
While many Indians may be settled abroad, a vast majority of them still hold property in India. Some own ancestral homes or lands, some purchase real estate for their eventual move back to India post-retirement, and some invest for rental income and property rate appreciation. Property remains one of the most common financial connections NRIs maintain with India. Whether it means purchasing a home or selling inherited property, these large tran…
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