- Yes, NRIs and PIOs can freely acquire immovable property by way of gift either from i) a person resident in India orii) an NRI oriii) a PIO.However, the property can only be commercial or residential. Agricultural land / plantation property / farm house in India cannot be acquired by way of gift.
- A foreign national of non-Indian origin resident outside India cannot acquire any immovable property in India through gift.
Tuesday, 21 April 2009
Whether immovable property in India can be acquired by way of gift ?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment