Can a non-resident gift his residential/commercial property?

Posted On & filed under .

Yes,a non-resident gift his residential/commercial property. It may be – (a) NRI/ PIO may gift residential/commercial property to – (i) person resident in India or (ii) an NRI or (iii) PIO. (b) foreign national of non-Indian origin needs prior approval of Reserve Bank. Immovable property is an immovable object, an item of property that cannot… Read more »