Can an NRI/PIO/Foreign national holding an agricultural land/plantation property/farm house in India gift the same?

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immovable-property

Yes, NRI/PIO/Foreign national holding can an agricultural land/plantation property/farm house in India gift the same. (a) NRI/PIO can gift but only to a person resident in India who is a citizen of India. (b) foreign national of non-Indian origin needs prior approval of Reserve Bank. Immovable property is an immovable object, an item of property that… Read more »