Can a NRI inherit agricultural property in India?
Question asked by Ms. Lakshmi from USA:
My name is Lakshmi and I am a permanent resident of the US. My father has a small agricultural plot outside Bangalore near Magadi and I am unclear as to what the process is in inheriting such property. I read the RBI rules which state that NRI’s can’t inherit such property, is this true? I am looking to apply for US citizenship; will this further affect my status to inherit agricultural property in India?
Thanks
Lakshmi
Vatsala Answers:
Inheritance is not covered by the ban on NRI’s. It is an exception to the rule.
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