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Can a non-resident gifit his residential/commercial property?

April 26, 2017Commercial gifit non-resident Property Residential

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Can a non-resident gifit his residential/commercial property?

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A.14. Yes. (a) NRI/ PIO may gifit residential/ commercial property to (i) person resident in India or (ii) an NRI or (iii) PIO. (b) foreign national of non-Indian origin needs prior approval of Reserve Bank.