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Latest Questions

Q: Can an agricultural land/ plantation property/ farm house in India owned/ held by NRI be sold?

A: NRI / PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India.

Q: Can NRI/ PIO and foreign national sell his residential/commercial property?

A: Yes. Reserve Bank of India has granted general permission for sale of the residential/ commercial property.

Q: Is it possible for NRIs to acquire or dispose of the residential/commercial property by way of gift?

A: Yes! The RBI has not applied any restrictions on NRIs or PIOs to acquire or dispose of residential/commercial property, by way of gifts to other Indian citizens, NRIs or PIOs, unless the immovable...

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...