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Can immoveable property held in India be transferred by way of gift to in India?

April 26, 2017gift held immoveable India Property transferred

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Can immoveable property held in India be transferred by way of gift to in India?

2 Answers

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General permission has been granted by Reserve Bank to non-resident persons (foreign citizen) of Indian Origin to transfer, by way of gift, immoveable property held by them in India to relatives and charitable trusts / organisations subject to the condition that the provisions of all other laws, as applicable are complied with

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Posted

General permission has been granted by Reserve Bank to non-resident persons (foreign citizen) of Indian Origin to transfer, by way of gift, immoveable property held by them in India to relatives and charitable trusts / organisations subject to the condition that the provisions of all other laws, as applicable are complied with.