New Delhi, April 21 -- To pass on agricultural land to your children, you can execute a Will bequeathing the properties to them. However, certain legal constraints need to be considered.
As a general principle, non-resident Indians (NRIs) and OCIs are allowed to inherit agricultural land from a resident Indian under the Foreign Exchange Management Act, 1999 (FEMA) and related rules. This is an exception to the broader restriction on non-residents purchasing agricultural land in India or receiving it as a gift.
That said, state-level laws may impose additional limits. Some states restrict transfers of agricultural land from an agriculturist to a non-agriculturist. For example, courts have held that under the Maharashtra Tenancy and Agric...
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