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

16 Jun 2020

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

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.

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