Dear Sir,
Hope this email finds you well!
I moved UAE for business purposes in 2022 and in the same financial year, I become NRI because I stayed more than 180 days in UAE.
But my spouse purchased agricultural land worth 32 Lakhs. Some amount was given by me and some amount was her own income as she has proprietary business in India and Indian resident.
Could you please clear my doubts below?
1. Is there any issue in future for the purchased land by her?
2. Can she buy new agricultural land now ( again - she has her own income and file ITR. However, I gifted some money to her as well)
I would be very thankful for your suggestions.
Looking forward to hearing from you!
Thanks,
Rahul
CAclubindia
