Ask, Answer & Discover

Latest Questions

Q: Can NRI sell inherited property in India?

A: An NRI can gift away the inherited property or sell the same and remit the money outside India. NRI can gift the inherited property, only to a person who is resident in India or an NRI.

Q: Can NRI sell the property in India without Aadhaar card?

A: As per rule 114C, it is not compulsory for an NRI to have an Aadhaar card for selling his/her property in India. But if the property is being sold after three years from the date of purchase, then...

Q: If the immovable property was acquired by way of gift by the NRI, can he repatriate abroad the funds from the sale of such property?

A: The sale proceeds of immovable property acquired by way of gift should be credited to NRO account only. From the balance in the NRO account, NRI/PIO may remit up to USD one million, per financial...

Q: Can NRI sell inherited property in India?

A: An NRI can either gift away the inherited property or sell the same and remit the money outside India. The NRI can gift the inherited property, only to a person who is resident in India or an NRI...

Q: DO NRIs need PAN card to sell property in India?

A: It is not mandatory for an NRI/PIO to have a PAN to do property transaction, PAN is required to repatriate the sale proceeds of the property out of India.

Q: Can NRI sell inherited property in India?

A: An NRI can either gift away the inherited property or sell the same and remit money outside India. The NRI can gift the inherited property, only to a person who is resident in India or an NRI or PIO.

Q: Can NRI sell property in India without Aadhar card?

A: As per the rule 114C, it is not compulsory for an NRI/PIO to have an Aadhar card for selling his/her property in India. NRI can sell the agricultural land only to the Indian resident that too under...

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...

Q: Can NRIs sell the properties they hold in India without RBI permission?

A: Yes, NRIs can sell the properties in India without RBI permission.

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...