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Deepak   30 August 2018

Purchasing agricultural land by nri

Dear Experts,

I am staying aborad since last 11 years and I have Permanent residency at Abroad...But still Indian citizen..

I am planning to buy one agricultural land in my name and planning to convert to Industrial plot..

Till date I have not yet filed my income tax..my all bank accounts in India are NRE/NRO and no any residential bank accounts in India....Any purchase in India I have to pay from NRE/NRO account..

My query is that ,

- am I eligible to purchase agricultural land in India as a Indian citizen (staying abroad with permennet residency status)..

- My bank passpoks are linked with Aadhar cand and still can I pay from my NRI bank annont for land purchase?

 

Kindly suggest..



Learning

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