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Latest Questions Q: If an Indian Resident die and his executor in India transfer his money (3 crs) to an NRI who is grandson of deceased, whether RBI permission require for transfer of money from deceased or executor account to NRI (USA) in his NRO account in India. Deceased has made will and WILL is probated in Court.
A: Yes, an NRI/PIO can receive a gift from a resident relative. However, the amount cannot exceed the limit prescribed under LRS, i.e., $250,000 per financial year
The account can be credited with...
- 44 Days ago
- Others
- Business and Finance
- See Answer
Q: What are the requirements for the purchase of agricultural land/ plantation property or farmhouses in India by NRIs?
A: Any NRI or PIO interested in the purchase of Agricultural Land/Plantation Property or Farmhouses in India would have to send a formal request for the same to The Chief General Manager, Reserve Bank...
- 171 Days ago
- Buying Agricultura..
- Business and Finance
- See Answer
Q: I have PIO card issued in 2011like apassport type prints. is it valid to travel to India?
A: *The government of India has notified that all existing PIO card holders shall be deemed to overseas citizens of Indian cardholder (merger of PIO to OCI)
*Until applicants are in receipt of an OCI...
- 317 Days ago
- Others
- Business and Finance
- See Answer
Q: Can OCI card holder inherit agriculture properties from parents in India?
A: An NRI can inherit property from a person who is a resident of India. An NRI can also, with the approval of the RBI, acquire agricultural land/plantation property/farm house through inheritance...
- 337 Days ago
- Buying Agricultura..
- Business and Finance
- See Answer
Q: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?
A: In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...
- 430 Days ago
- Others
- Business and Finance
- See Answer
Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?
A: Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favor of an Indian citizen or...
- 430 Days ago
- Others
- Business and Finance
- See Answer
Q: Can green card holders parent buy agricultural land in India?
A: An NRI can acquire by way of purchase any immovable property (other than agricultural land/ plantation property/ farm house) in India.
- 483 Days ago
- Buying Agricultura..
- Business and Finance
- See Answer
Q: Can gold jewelry be taken on the transfer of residence?
A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods.
The only duty-free allowance that can be availed when it comes...
- 501 Days ago
- Others
- Business and Finance
- See Answer
Q: Difference in rules between NRI and PIO buying agricultural land in India?
A: While most people realize that foreigners cannot purchase agricultural land in India, there apparently is confusion as to whether NRIs who hold Indian passports are also not allowed to purchase...
- 559 Days ago
- Buying Agricultura..
- Business and Finance
- See Answer
Q: Can a OCI card holder buy agricultural land in India in parents name?
A: Whether you can buy agricultural land in India in your parents name would depend on the State in India where your parents live and where they wish to buy agricultural land.Many States in India do...
- 582 Days ago
- Buying Agricultura..
- Business and Finance
- See Answer
Q: If an Indian Resident die and his executor in India transfer his money (3 crs) to an NRI who is grandson of deceased, whether RBI permission require for transfer of money from deceased or executor account to NRI (USA) in his NRO account in India. Deceased has made will and WILL is probated in Court.
A: Yes, an NRI/PIO can receive a gift from a resident relative. However, the amount cannot exceed the limit prescribed under LRS, i.e., $250,000 per financial year The account can be credited with...
- 44 Days ago
- Others - Business and Finance
- See Answer
Q: What are the requirements for the purchase of agricultural land/ plantation property or farmhouses in India by NRIs?
A: Any NRI or PIO interested in the purchase of Agricultural Land/Plantation Property or Farmhouses in India would have to send a formal request for the same to The Chief General Manager, Reserve Bank...
- 171 Days ago
- Buying Agricultura.. - Business and Finance
- See Answer
Q: I have PIO card issued in 2011like apassport type prints. is it valid to travel to India?
A: *The government of India has notified that all existing PIO card holders shall be deemed to overseas citizens of Indian cardholder (merger of PIO to OCI) *Until applicants are in receipt of an OCI...
- 317 Days ago
- Others - Business and Finance
- See Answer
Q: Can OCI card holder inherit agriculture properties from parents in India?
A: An NRI can inherit property from a person who is a resident of India. An NRI can also, with the approval of the RBI, acquire agricultural land/plantation property/farm house through inheritance...
- 337 Days ago
- Buying Agricultura.. - Business and Finance
- See Answer
Q: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?
A: In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...
- 430 Days ago
- Others - Business and Finance
- See Answer
Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?
A: Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favor of an Indian citizen or...
- 430 Days ago
- Others - Business and Finance
- See Answer
Q: Can green card holders parent buy agricultural land in India?
A: An NRI can acquire by way of purchase any immovable property (other than agricultural land/ plantation property/ farm house) in India.
- 483 Days ago
- Buying Agricultura.. - Business and Finance
- See Answer
Q: Can gold jewelry be taken on the transfer of residence?
A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods. The only duty-free allowance that can be availed when it comes...
- 501 Days ago
- Others - Business and Finance
- See Answer
Q: Difference in rules between NRI and PIO buying agricultural land in India?
A: While most people realize that foreigners cannot purchase agricultural land in India, there apparently is confusion as to whether NRIs who hold Indian passports are also not allowed to purchase...
- 559 Days ago
- Buying Agricultura.. - Business and Finance
- See Answer
Q: Can a OCI card holder buy agricultural land in India in parents name?
A: Whether you can buy agricultural land in India in your parents name would depend on the State in India where your parents live and where they wish to buy agricultural land.Many States in India do...
- 582 Days ago
- Buying Agricultura.. - Business and Finance
- See Answer
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