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purchasing property outside india

Querist : Anonymous (Querist) 23 March 2010 This query is : Resolved 
please tell me the procedure for purchasing property in a foreign country say america or australia. how much money can be sent outside india per year and through whom. which particular act and rules i have to refer to. can the money be sent through "Money Transfer"? is there any tax to be paid.? thanks.
Report Abuse
Devajyoti Barman (Expert) 02 November 2010
If you send the money for educational purposes then it does not attract any tax.

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