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Can a person resident outside India hold any immovable property in India acquired by way of inheritance from a person resident in India?

April 26, 2017acquired hold immovable India Inheritance outside person Property resident

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Can a person resident outside India hold any immovable property in India acquired by way of inheritance from a person resident in India?

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A. Yes. A person resident outside India can hold immovable property acquired by way of inheritance from a person resident in India as per the provisions of Section 6(5) of the Foreign Exchange Management Act, 1999.