https://www.taxtmi.com/acts?id=2340 Persons of Indian origin resident outside India may acquire non-agricultural immovable property in India provided purchase consideration is paid by inward remittance through normal banking channels or from funds in permitted non-resident accounts; prohibited payment modes include traveller's cheques and foreign currency notes. Acquisition by gift or inheritance is permissible under prescribed conditions. Transfers permit sale of non-agricultural property to residents; agricultural land/farmhouse/plantation may be transferred only to resident Indian citizens by gift or sale; residential or commercial property may be gifted to specified recipients including persons of Indian origin abroad. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 26 Jun 2025 17:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2340 Persons of Indian origin resident outside India may acquire non-agricultural immovable property in India provided purchase consideration is paid by inward remittance through normal banking channels or from funds in permitted non-resident accounts; prohibited payment modes include traveller's cheques and foreign currency notes. Acquisition by gift or inheritance is permissible under prescribed conditions. Transfers permit sale of non-agricultural property to residents; agricultural land/farmhouse/plantation may be transferred only to resident Indian citizens by gift or sale; residential or commercial property may be gifted to specified recipients including persons of Indian origin abroad. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2340