purchase plantation and sale thereon

[Ayyar&Cherian CharteredAccountants]

A lady residing in Belgium having an Overseas Indian Passport bought certain plantations in Kerala and sold part of it  in 1993. She didnot report anything so far nor took any permission.

Now the bankers tell her to sell the remaining land otherwise she has to face prosecution.

But she is noe 67 years and would like to stay in the farm house for atleast 5 months in an year and doesnort want to sell

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

AI Summary

Overseas property acquisition: nonresident buyer faces compliance and potential prosecution unless sale or regularisation arranged. A nonresident Overseas Indian Passport holder bought plantation land in Kerala and sold part of it in 1993 without reporting or obtaining permission. Bankers are now pressuring her to sell the remaining land or face prosecution. The owner, aged 67, wishes to continue occupying the farmhouse about five months per year and does not want to sell, creating a conflict between enforcement pressure and her desire to retain limited personal use while addressing past non compliance.