144. Buy agricultural land in India in parents name Q: Dear Sir I need some clarification. I am OCI card holder settled in UK. I aware I am not supposed to buy agricultural land in India. However Can i buy land on my parents name and later transfer to my name "As I am getting from parents " . Please advise. Jabez David A. Whether you can buy agricultural land in India in your parents name would depend on the State in India where your parents live and where they wish to buy agricultural land. Many States in India do not allow non-farmers to purchase agricultural land even if they are Indian citizens. Some States do not allow agricultural land to be sold to people who do not reside in the State where the agricultural land is located.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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144. Buy agricultural land in India in parents name Q: Dear Sir I need some clarification. I am OCI card holder settled in UK. I aware I am not supposed to buy agricultural land in India. However Can i buy land on my parents name and later transfer to my name "As I am getting from parents " . Please advise. Jabez David A. Whether you can buy agricultural land in India in your parents name would depend on the State in India where your parents live and where they wish to buy agricultural land. Many States in India do not allow non-farmers to purchase agricultural land even if they are Indian citizens. Some States do not allow agricultural land to be sold to people who do not reside in the State where the agricultural land is located.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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