I am an overseas citizen with an OCI (overseas citizenship of India) card. For the last few years, I have been a resident of India for tax purpose. I would like to transfer funds from my overseas accounts for buying a property in India. However, I would like to buy it in the name of my son who is also an overseas citizen with an OCI card, but living abroad. Can I do so even though the money for the same will be used from my bank account in India. If my son is unable to travel to India, he will give me a power of attorney (POA) that will be verified at the Indian consulate office in the city where he resides.
—Name withheld on request
Denial of responsibility! My Droll is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.