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Author Topic: can a gift of immovable property in India be acquired by NRI or PIO ?  (Read 2324 times)

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Offline advkartik

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Yes, NRIs and  PIOs can freely acquire immovable property by way of gift either from

i) a person resident in India; or
ii) an NRI;  or
iii) a PIO.

However, the property can only be commercial or residential in nature.

Kindly Note: Agricultural land / plantation property / farm house in India cannot be acquired by way of gift.

 

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