I’m an abroad citizen with an OCI (abroad citizenship of India) card. For the previous few years, I’ve been a resident of India for tax goal. I want to switch funds from my abroad accounts for purchasing a property in India. Nonetheless, I want to purchase it within the identify of my son who can also be an abroad citizen with an OCI card, however dwelling overseas. Can I achieve this despite the fact that the cash for a similar will probably be used from my checking account in India. If my son is unable to journey to India, he’ll give me an influence of lawyer (POA) that will probably be verified on the Indian consulate workplace within the metropolis the place he resides.
—Identify withheld on request