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Overseas Citizens of India (OCIs) have specific rights regarding property inheritance in India. So if you are wondering can OCI inherit property in India, you can go through the below-given points.
Can OCI Holder Inherit Property In India?
Inheritance Rights:
An OCI can inherit any immovable property (such as land, buildings, residential or commercial properties) in India. This includes the right to inherit agricultural land or a farmhouse, which they are otherwise not entitled to acquire through purchase.
Legal Status:
OCIs have the right to acquire residential and commercial properties in India. They also have inheritance rights for property received through wills or as legal heirs. Certain property types, such as agricultural land and farmhouses, remain prohibited for OCI cardholders.
In summary, OCIs can inherit property in India, but it’s essential to be aware of the specific rules and exceptions related to property types.
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Can OCI Inherit Property in India?
Kanishk
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April 1, 2024
2024-04-01T12:18:34+00:00 2024-04-01T12:18:35+00:00Comment
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