NRI buying property in india

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Ø   NRI buying property in india:

Under the RBI's general permission, an NRI cannot purchase any agricultural land or plantation property in India. So, if an NRI wants to purchase a farmhouse or plantation, s/he will have to approach the RBI for a specific permission and the RBI will consider this on a case-to-case basis.


Ø   Can NRI buy property in India without Aadhar card?

As per rule 114C, it is not compulsory for an NRI/PIO to have an Aadhar card for buying/selling his/her property in India.


Ø   Do NRI pay property tax in India?

When an NRI sells property, the buyer is liable to deduct TDS @ 20%. In case the property has been sold before 2 years(reduced from the date of purchase) a TDS of 30% shall be applicable.


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