Latest Answer: @Jackie!!!!!
These would be subject to the condition that such arrangements are at arm's length price in co-ordination with applicable provisions of Income Tax Act 1961 and annual lease rent earned by the lessor company does not exceed 5% of its total income.
Latest Answer: This is an exceptionally positive step and effectively meets most of the demands made by the industry. Besides, by licencing transfer of shares between two non-resident companies the government has actually opened the floodgates for FDI in the real estate sector.
