Acquisition of immovable property through Gift
 

 

Non-residents have also been granted general permission to acquire such properties by way of gifts. However, the gift must be from/to a relative who may be either an Indian Citizen or a person of Indian Origin who may or may not be  a Resident in India. “Relative” is to be construed as per definition given under section  6 of the Companies Act, 1956.

 

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