Can NRI purchase property with resident spouse, using funds from resident spouse bank account ?
Hey @mmandke,
Yes, such a transaction will not have any implication from taxation point of view. However, for a legal perspective, I suggest you connect with an advocate who’s expert in legal matters.
An NRI can jointly purchase property in India with a resident spouse, using funds from both Indian and overseas sources as per FEMA guidelines. It’s essential to document fund sources clearly and comply with RBI norms to avoid future legal or tax complications.