NRIs Buying Agricultural Land - Here Are The Things You Need To Know.

Non-Resident Indians (NRIs) looking to buy agricultural land in India may face certain legal and practical challenges. Here are some things that NRIs need to know when buying agricultural land in India:

1. Restrictions: NRIs are allowed to purchase agricultural land in India, but there are some restrictions. They cannot purchase land in areas designated as "rurban," which are defined as areas that are not urban but are also not rural. Additionally, NRIs are not allowed to purchase agricultural land in tribal areas.

2. Taxation: NRIs are subject to Indian tax laws when buying agricultural land in India, including capital gains tax and income tax. It's important to consult with a tax professional to understand the tax implications of buying agricultural land in India.

3. Foreign Exchange Management Act (FEMA): NRIs must comply with the regulations of the Foreign Exchange Management Act (FEMA) when buying agricultural land in India. This includes obtaining prior approval from the Reserve Bank of India (RBI) for certain transactions and remitting funds through an authorized dealer.

4. Power of Attorney: NRIs who are buying agricultural land in India may need to appoint a local representative through a power of attorney, who can act on their behalf in legal and financial matters.

5. Leasing: NRIs are allowed to lease agricultural land in India, but there are certain restrictions and regulations that must be followed. It's important to consult with a legal professional to understand the laws and regulations related to leasing agricultural land in India.

6. Maintenance: NRIs who own agricultural land in India should appoint someone they trust to take care of the property and manage it efficiently. This includes taking care of the crops and renting the land to the farmers if necessary.

7. Legal advice: It's advisable to seek the guidance of a legal professional who is well-versed in the laws and