Agricultural land purchased before moving to USA

[Prism]

Is there any issue in holding an agricultural land in India as an NRI purchased before coming to the USA?

[Vaampire]

No issues

[Arrogant_champ]

Any issues after GC??

 

 

[MRI]

23 minutes ago, Arrogant_champ said:

Any issues after GC??

 

 

Nope. The rule is you cannot acquire any new land. Anyway, I think this is also removed now with OCI and other benefits but I am not sure. Please confirm. 

@tom bhayya, ee bro ki koncham clarity ivvu

[Arrogant_champ]

Main issue is to send money to U.S after selling lands in India for GC holders. 

https://bullstrade.in/banks-question-transfer-of-funds-by-nris-via-llp-route/

Ikkada land ammi dhaniki tax katti, malli ah amount ki U.S lo tax katti, double taxation ki qualify ayithe re-imbuse pettukuni, pedda penta.

Ippudu through company profits ga kuda block chestundi anta banks?

 

Any solution?

 

[DesiPokiri]

1 minute ago, Arrogant_champ said:

Main issue is to send money to U.S after selling lands in India for GC holders. 

https://bullstrade.in/banks-question-transfer-of-funds-by-nris-via-llp-route/

Ikkada land ammi dhaniki tax katti, malli ah amount ki U.S lo tax katti, double taxation ki qualify ayithe re-imbuse pettukuni, pedda penta.

Ippudu through company profits ga kuda block chestundi anta banks?

 

Any solution?

 

Talk to some mestris pay them in india and take it here slowly 

[ttr2tr]

42 minutes ago, Arrogant_champ said:

Any issues after GC??

 

 

GC unna kuda still Indian citizen ee kada, no problem

[JackSeal]

47 minutes ago, Arrogant_champ said:

Any issues after GC??

 

 

If you have agricultural land on your name already … even you are GC holder or vomerican citizen no issue

If you are a NRI or  OCI holder you cannot buy any new agricultural lands. If you are a NRI (even on H1B) and want to buy agricultural land you need to get approval from RBI

[JackSeal]

6 minutes ago, ttr2tr said:

GC unna kuda still Indian citizen ee kada, no problem

Even if you are Indian Citizen, NRI cannot buy new agricultural land on your name. 

[gutlogummadi]

How about u inherit agri lands after u become  shitizen/gc? 

[reality]

40 minutes ago, JackSeal said:

. If you are a NRI (even on H1B) and want to buy agricultural land you need to get approval from RBI

False info. That’s only true for NRI non-citizen of India.

[reality]

15 minutes ago, gutlogummadi said:

How about u inherit agri lands after u become  shitizen/gc? 

No issue for inheritance as long as the person you’re inheriting it from is an Indian citizen. 

[SGB]

You can transfer 1 million to US per year. Search for “1 Million Dollar Scheme”

[jalsa01]

4 hours ago, Prism said:

Is there any issue in holding an agricultural land in India as an NRI purchased before coming to the USA?

I remember as long as one hold indian passport can buy agricultural land.. After renouncing Indian citizenship one can't buy new agricultural land still approved to inherit land from parents.. 

[Android_Halwa]

3 hours ago, DesiPokiri said:

Talk to some mestris pay them in india and take it here slowly 

Idi vinnara @tennisluvrredux?

@veerigadu kaka, India nundi paisal teesukuravam intha easy peasy ani teliyaka Nuv plots konadam manesinav…