Transfer agriculture land to my son

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 My son who is an NRI and lives in U K.He has U K passport. My daughter in law also lives in UK but holds Indian passport.I purchased about 2 acres of land about 10 yrs back.I am getting old I want to transfer this property in in the name of my son or daughter in law. kindly suggest me what to do.Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 December 2015 Agricultural land can be acquired by inheritance by NRI. So execute a will.

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2015 Thanks Can I do it with a registered deed in the name of my son as a gift.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 December 2015 No gift only will register the will.

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2015 Thanks for the advise After the will Can he include the income from agriculture in his return or not.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 December 2015 He can include agricultural income in his return as gift from father. Will effect will be after the death of father, till then it is father's income.

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