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Q20. Can a NRI/PIO/OCI/ Foreign national holding an agricultural land / a plantation property / a farm house in India, gift the same?
Global Indian Solutions > FAQs > FAQ > Q20. Can a NRI/PIO/OCI/ Foreign national holding an agricultural land / a plantation property / a farm house in India, gift the same?
A NRI-/ PIO/OCI can gift an agricultural land / a plantation property / a farm house in India only to a person resident in India who is a citizen of India.
A foreign national of non-Indian origin would require the prior approval of the Reserve Bank to gift an agricultural land / a plantation property / a farm house in India.
