Hi Sir, I am working in Australia for the past 3 years on a temporary visa, Can I buy agricultural land in India in my name with money earned in Australia. Please clarify, Thanks
My son purchased Afro land during 2007 and he is citizen of us during 2010 now we are holding land doing agri activities with me and my brother in India what can I do further pl give yr advice and guidance he is paying income tax in India
As a NRI you cannot purchase agricultural land. Although you can buy it on your father's name. For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Yes, it's ok to gift money to your parents from your NRE account. However, we advise you to consult with CA Arun Tiwari as buying land might have tax implications for them. contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com.
Can we buy agricultural land converted to Non Agricultural land?
This is the reason farmers are poor in India. If NRI can't invest in aggreculture land then you are missing a free investment.
You are totally wrong, govt. want agriculture land affordable so that formers can buy land for cultivation.
Hi Sir, I am working in Australia for the past 3 years on a temporary visa, Can I buy agricultural land in India in my name with money earned in Australia. Please clarify, Thanks
No its Prohibited in FEMA Act
My son purchased Afro land during 2007 and he is citizen of us during 2010 now we are holding land doing agri activities with me and my brother in India what can I do further pl give yr advice and guidance he is paying income tax in India
We suggest you to seek consultation with CA Arun Tiwari. Call 8080088288 or mail us at cs@aktassociates.com
Can gift the land to resident wife?@@AKTAssociatesOfficial
Can i gift it back to the donor after converting to non agriculture land?
Please contact our NRI Desk at at 8080088288 or email us at cs@aktassociates.com
What as a NRI i buy the land for farming only.? My father is farmer and he can do farming only on that land?
As a NRI you cannot purchase agricultural land. Although you can buy it on your father's name.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Hi,
Can I gift money to my parents from my NRE account and then they buy the land ?
Yes, it's ok to gift money to your parents from your NRE account. However, we advise you to consult with CA Arun Tiwari as buying land might have tax implications for them.
contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com.
What if a nri has inherited agricultural land.can this be sold.thanks
@philipthomas1658 Yes, NRIs can sell their inherited agricultural land.
@@AKTAssociatesOfficialthanks
Can nri remit sale proceed of agricultural land money outside indis
Sir, can give gift to wife?
Yes you can gift to spouse.
For more details Please contact our NRI Desk at cs@aktassociates.com or 8080088288.
Can somebody gift an agricultural land to nri
Yes, NRIs can receive agricultural land as a gift.
For more info contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
@@AKTAssociatesOfficial Sir, where is the regulation it says that NRI can receive land as gift from parents? I am trying to find the reference
@@AKTAssociatesOfficialI do not think so. It is only inheritance that is possible.