If an NRI sold his/her pre acquired agricultural land when he/she was resident in other town and now want to sale to consolidate the agricultural land to his town for better management then can the person do so... And if already done whats the next steps?
Yes, an NRI can sell and consolidate agricultural land; if already done, ensure tax compliance and report it in your ITR. Please contact our NRI Desk at cs@aktassociates.com or 8080088288
Hi i have a question(s). If NRI father gifts agricultural land to his NRI son, Can the son - 1/ rent the land to RI for cultivation 2/ sell the land if so what Tax is applicable on the sale of this land ? 3/ Can sale of proceeds of this land be repatriated to foreign bank if so is this taxable also ? Thank you for your videos Sir.
Hello, Very nice and informatve Video, Thanks for sharing this information>I have a question regarding buying Agricultural Land in India.We are NRI's with me and children having US passport and my wife is still carrying Indian passport, can we buy agricultural land on her name?
We are glad that you found this video Informative 😀 As per current regulations. NRIs, including your wife with an Indian passport, cannot purchase agricultural land in India. If you need more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
While acquiring agricultural land what if the funds are generated from within India i.e. sale of another asset. Also, what is the definition of agricultural land if nothing is cultivated is it still considered agriculture.
Yes, you can acquire agricultural land using the sale of another asset. Agricultural land is defined by its classification, and cultivation is not mandatory for it to be considered agricultural.
Very clear cut, ,concise video. Congrats. I am an OCI holder who bought agricultural and for my mother in her name recently. I transferred the money to the seller directly from my NRO account. Is it illegal? I promised my mom as a child that I would gift her some farm land. So fulfilled it. Can you please help clarify? I am worried
Purchasing agricultural land as an OCI cardholder directly isn't permitted in India. we recommend you to take consultation with CA Arun Tiwari. Contact our client support at 8080088288 or email us at cs@aktassociates.com.
My relative who is oci purchased agricultural land in November 23 and converted it in to commercial land with in one month in andhrapradesh. How ED get to know about this?
ED monitors property transactions they have eyes everywhere. changes in land use can attract their attention. that's why It's crucial to stay compliant with regulations to avoid scrutiny. For more information call 8080088288 or mail us at cs@aktassociates.com
No, a Non-Resident Indian (NRI) cannot buy agricultural land in India, even if it has been converted to non-agricultural land. For more details Please contact our NRI Desk at cs@aktassociates.com or 8080088288.
Can anybody clear my doubt, Case 1: OCI/NRI living outside of india cant buy Agricultural land. Case 2: OCI living in india can buy Agricultural land and any immovable properties ?? i mean staying more than 180 day in india and paying taxes in India same like all other person. and planned to stay regular in india, not going to back to USA in near future. can anybody answer this case 2 ??
Case 1: NRIs are Prohibited to buy Agricultural Land in India Case 2: Yes, You can purchase Agricultural Land and other immovable property in India. if you maintain residential status in India. For more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com.
Yes, You can buy agricultural land in your spouse or children's name. If you want more information you can contact our NRI desk at 8080088288 or email us at cs@aktassociates.com
NRIs are prohibited from buying agricultural land unless they inherit it or receive it as a gift. For more information contact our NRI desk @ 8080088288 or email us at cs@aktassociates.com
@Sarthakshah30 Yes, you can gift money to your mother, then she can buy agricultural land. For more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
If an NRI sold his/her pre acquired agricultural land when he/she was resident in other town and now want to sale to consolidate the agricultural land to his town for better management then can the person do so... And if already done whats the next steps?
Yes, an NRI can sell and consolidate agricultural land; if already done, ensure tax compliance and report it in your ITR.
Please contact our NRI Desk at cs@aktassociates.com or 8080088288
Hi i have a question(s). If NRI father gifts agricultural land to his NRI son, Can the son - 1/ rent the land to RI for cultivation 2/ sell the land if so what Tax is applicable on the sale of this land ? 3/ Can sale of proceeds of this land be repatriated to foreign bank if so is this taxable also ? Thank you for your videos Sir.
Hello, Very nice and informatve Video, Thanks for sharing this information>I have a question regarding buying Agricultural Land in India.We are NRI's with me and children having US passport and my wife is still carrying Indian passport, can we buy agricultural land on her name?
We are glad that you found this video Informative 😀
As per current regulations. NRIs, including your wife with an Indian passport, cannot purchase agricultural land in India.
If you need more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
While acquiring agricultural land what if the funds are generated from within India i.e. sale of another asset. Also, what is the definition of agricultural land if nothing is cultivated is it still considered agriculture.
Yes, you can acquire agricultural land using the sale of another asset.
Agricultural land is defined by its classification, and cultivation is not mandatory for it to be considered agricultural.
Very clear cut, ,concise video. Congrats. I am an OCI holder who bought agricultural and for my mother in her name recently. I transferred the money to the seller directly from my NRO account. Is it illegal? I promised my mom as a child that I would gift her some farm land. So fulfilled it. Can you please help clarify? I am worried
Purchasing agricultural land as an OCI cardholder directly isn't permitted in India. we recommend you to take consultation with CA Arun Tiwari.
Contact our client support at 8080088288 or email us at cs@aktassociates.com.
@@AKTAssociatesOfficial It's not a direct purchase as it's in my mother's name. Any way I will call you guys
Can an OCI settled down in India and is an ROR get permission to acquire farmland? Interested in organic farming,
No its not possible unless RBI permission obtained
Even nri is not easy to my any land. Cost is very very high.
My relative who is oci purchased agricultural land in November 23 and converted it in to commercial land with in one month in andhrapradesh. How ED get to know about this?
ED monitors property transactions they have eyes everywhere. changes in land use can attract their attention. that's why It's crucial to stay compliant with regulations to avoid scrutiny.
For more information call 8080088288 or mail us at cs@aktassociates.com
Why in registration office they are not stopping to do this?
@@mallusivaranjani8833 There is no place to mention residential status while some actively conceal it
Can NRI buy agricultural land converted to non agricultural land?
No, a Non-Resident Indian (NRI) cannot buy agricultural land in India, even if it has been converted to non-agricultural land.
For more details Please contact our NRI Desk at cs@aktassociates.com or 8080088288.
Can anybody clear my doubt,
Case 1: OCI/NRI living outside of india cant buy Agricultural land.
Case 2: OCI living in india can buy Agricultural land and any immovable properties ?? i mean staying more than 180 day in india and paying taxes in India same like all other person. and planned to stay regular in india, not going to back to USA in near future.
can anybody answer this case 2 ??
Case 1: NRIs are Prohibited to buy Agricultural Land in India
Case 2: Yes, You can purchase Agricultural Land and other immovable property in India. if you maintain residential status in India.
For more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com.
Nri is start investing other countries. Because of stringent law and no safety of hard earned money by law.
Hi sir, I am working in jordan from last 4 years. My family stay in India. Can I buy agricultural land on my spouse or children name?
Yes, You can buy agricultural land in your spouse or children's name.
If you want more information you can contact our NRI desk at 8080088288 or email us at cs@aktassociates.com
What if nri wants to buy agricultural land to actually do agriculture for example dairy farm…
NRIs are prohibited from buying agricultural land unless they inherit it or receive it as a gift.
For more information contact our NRI desk @ 8080088288 or email us at cs@aktassociates.com
I live In USA on a work visa. Can I send money to my mom to buy agricultural land on her name ?
@Sarthakshah30
Yes, you can gift money to your mother, then she can buy agricultural land.
For more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Hi I am Indian citizen living in Australia since 7 years still holding Indian passport can I able to purchase agricultural land
NO
For more information contact our client support at 8080088288 or email us at cs@aktassociates.com
Job is not gaurrenty