Shashank Agarwal comments on overseas property purchases using credit cards in Upstox article

The use of credit cards for purchasing property abroad is the focus of a recent Upstox article featuring Shashank Agarwal, Managing Partner at Legum Solis in association with GRATA International.

The article outlines regulatory restrictions under Indian law and the potential risks of non-compliant cross-border transactions.

Shashank Agarwal noted that using a credit card for such purposes may be considered a prohibited transaction and highlighted possible corrective steps, including voluntary disclosure to the regulator and reversal of the transaction.

🔗 Read the full article:
https://upstox.com/news/personal-finance/investing/used-your-credit-card-abroad-to-buy-property-lawyers-break-down-the-implications-and-solutions/article-191215/