Q1095. Must property held in India be sold if owner gives up Indian citizenship and becomes a foreign citizen?
Question: Hi there, Pls advise. I bought property in India in 1998. Moved to Singapore in 2000. Now Singapore permanent. do i need to sell my property in india to accept singapore citizenship? Iam planning to apply for that. Thanks in advance
Answer: There is no compulsory requirement to sell off property legally held in India after become a non-resident of India or becoming a foreign citizen.
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