Can an NRI sell inherited agricultural land to another NRI? Know the rules
New Delhi, Sept. 25 -- If you move abroad, your right to inherit property in India is not automatically taken away. However, the rules can differ depending on whether the inheritance involves movable assets, such as bank accounts, stocks and jewellery or immovable property, such as land or real estate.
For NRIs inheriting agricultural land in India, the key question is what they can do with the property after they inherit it, particularly when it comes to selling the parcel of land or transferring it.
A person may move temporarily or permanently to another country for various reasons, such as employment, marriage or education. When it comes to inheriting property located within Indian borders, non-resident Indians (NRIs) are governed by...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.