Indian authorities are scrutinizing residents who bought Dubai properties using credit cards. This method may breach foreign exchange rules. Individuals are receiving notices from the Enforcement Directorate. They face penalties and the need to regularize transactions. Some may have to sell properties. This situation highlights the complexities of cross-border property investments.
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ED flags Indians buying Dubai properties using credit cards
Indian authorities are scrutinizing residents who bought Dubai properties using credit cards. This method may breach foreign exchange rules....
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