https://www.taxtmi.com/acts?id=37922 NRIs and OCIs may acquire immovable property in India other than agricultural land, farm houses and plantation property. Transfer consideration must be paid through inward banking remittance or permitted non-resident account funds, and not through traveller's cheques, foreign currency notes, or other unpermitted modes. Permitted property may be acquired by specified gifts or inheritance. Transfers may be made to persons resident in India; transfers to NRIs or OCIs exclude agricultural land, farm houses and plantation property. en-us Sat, 19 Oct 2019 16:24:19 +0530 Tue, 01 Sep 2026 11:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37922 NRIs and OCIs may acquire immovable property in India other than agricultural land, farm houses and plantation property. Transfer consideration must be paid through inward banking remittance or permitted non-resident account funds, and not through traveller's cheques, foreign currency notes, or other unpermitted modes. Permitted property may be acquired by specified gifts or inheritance. Transfers may be made to persons resident in India; transfers to NRIs or OCIs exclude agricultural land, farm houses and plantation property. Act-Rules FEMA Sat, 19 Oct 2019 16:24:19 +0530 https://www.taxtmi.com/acts?id=37922