CA Arun Tiwari
Quick Summary
Introduction Navigating the intricate rules surrounding the acquisition and ownership of agricultural land in their home country can be challenging for Non-Resident Indians (NRIs) in todays fast-changing world. Many NRIs, after earning abroad, choose to invest their money back in their home count
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FAQ :
No, NRIs cannot directly purchase agricultural land in India. Doing so can lead to penalties and confiscation of the land.
Yes, NRIs can inherit agricultural land from family members without legal barriers and can subsequently sell or transfer it.
Yes, NRIs can generally receive agricultural land as a gift from residents or other NRIs without issues.
NRIs might need permission from the Reserve Bank of India (RBI) in certain situations if they wish to gift agricultural land to a resident or another NRI.
NRIs cannot buy agricultural land to build a farmhouse. However, they can own farmhouses for recreational, tourist, or commercial purposes if they are on non-agricultural land.
Yes, NRIs can buy non-agricultural land for genuine construction or development purposes, but not for speculation.
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