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Mr A is resident of Canada has inherited agriculture land in punjab and residential house. In Fy 2026-27 he stays more than 182 days in India and has no business or employment in canada. Only pension he gets from Canada Govt. Whether he can purchase agri land in fy 2027-28 , if intends to stay in India and do Agri work.
nri purchase of Agri Land in punjab
satbir singhwahi
Agricultural land purchase by returning Indian resident raises FEMA and residency-status issues for later acquisition. Consideration of whether a person of Indian origin resident in Canada, who has inherited agricultural land in Punjab and a residential house in India, can purchase additional agricultural land in a later financial year if he stays in India for more than 182 days, has no business or employment in Canada, receives only a Canadian government pension, and intends to remain in India and carry on agricultural activity. The issue turns on residency status, foreign exchange regulation, and the ability to acquire agricultural property in India. (AI Summary)