Acquisition and transfer of immovable property by NRI or OCI: A Complete guide for NRIs/OCIs
The Foreign Exchange Management Act, 1999 (FEMA), (Non-Debt Instruments) Rules 2019, prescribes specific conditions regarding the purchase, gift, inheritance and transfer of immovable property in India by persons resident outside India. The most important point for NRIs and OCIs is that the rules are different depending upon how the property is acquired or transferred. There […]
A Complete Guide for NRIs on Buying, Selling Agricultural Land & Taxation in India
Navigating real estate laws in India can be challenging for Non-Resident Indians (NRIs), especially when it comes to agricultural land. Whether you’re planning to sell your ancestral farmland or wondering if you can purchase agricultural land, it’s important to understand the legal and tax implications involved. This guide breaks down the process in simple terms, […]