I am an NRI. My Uncle wants to gift his property to me. Can a Gift Deed be executed in favour of NRI / PIO?
An NRI (Non-Resident Indians) or a PIO (Person of Indian Origin) is eligible to receive property as a gift. The donor has to be a resident of India/NRI/PIO. The property to be transferred as a gift must be either a commercial property or a residential property, but not agricultural land, plantation property or farmhouse in India.