Can an NRI / PIO / foreign national holding an agricultural land / a plantation property / a farm house in India, gift the same?

Property Handling
2016-08-02 12:49

(a) NRI / PIO can gift an agricultural land / a plantation property / a farm house in India only to a person resident in India who is a citizen of India. (b) A foreign national of non-Indian origin would require the prior approval of the Reserve Bank to gift an agricultural land / a plantation property / a farm house in India. (iii) Transfer through mortgage

Tags: NRI's
Average rating: 0 (0 Votes)

You can comment this FAQ