{"id":4675,"date":"2023-05-31T17:00:05","date_gmt":"2023-05-31T11:30:05","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=4675"},"modified":"2023-05-26T12:32:27","modified_gmt":"2023-05-26T07:02:27","slug":"faqs-on-relinquishment-agreement-for-nris","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/","title":{"rendered":"FAQs on Relinquishment agreement for NRIs."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#FAQs_on_Relinquishment_agreement_for_NRIs\" title=\"FAQs on Relinquishment agreement for NRIs.\">FAQs on Relinquishment agreement for NRIs.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#1_What_is_a_relinquishment_agreement_for_NRIs\" title=\"1. What is a relinquishment agreement for NRIs?\">1. What is a relinquishment agreement for NRIs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#2_Why_do_NRIs_need_to_sign_a_relinquishment_agreement\" title=\"2. Why do NRIs need to sign a relinquishment agreement?\">2. Why do NRIs need to sign a relinquishment agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#3_What_are_the_benefits_of_signing_a_relinquishment_agreement\" title=\"3. What are the benefits of signing a relinquishment agreement?\">3. What are the benefits of signing a relinquishment agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#4_Can_an_NRI_sign_a_relinquishment_agreement_remotely\" title=\"4. Can an NRI sign a relinquishment agreement remotely?\">4. Can an NRI sign a relinquishment agreement remotely?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#5_Do_NRIs_need_to_pay_stamp_duty_on_relinquishment_agreements\" title=\"5. Do NRIs need to pay stamp duty on relinquishment agreements?\">5. Do NRIs need to pay stamp duty on relinquishment agreements?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#6_Is_it_necessary_to_register_a_relinquishment_agreement\" title=\"6. Is it necessary to register a relinquishment agreement?\">6. Is it necessary to register a relinquishment agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#7_Can_a_relinquishment_agreement_be_challenged_in_court\" title=\"7. Can a relinquishment agreement be challenged in court?\">7. Can a relinquishment agreement be challenged in court?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#8_How_can_an_NRI_ensure_the_validity_of_a_relinquishment_agreement\" title=\"8. How can an NRI ensure the validity of a relinquishment agreement?\">8. How can an NRI ensure the validity of a relinquishment agreement?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Relinquishment_agreement_for_NRIs\"><\/span>FAQs on Relinquishment agreement for NRIs.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_a_relinquishment_agreement_for_NRIs\"><\/span><strong>1. What is a relinquishment agreement for NRIs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A relinquishment agreement for NRIs is a legal document that allows an NRI (Non-Resident Indian) to relinquish his or her rights in a property in India. Family members usually execute this document, and it specifies the terms and conditions under which the NRI will give up his or her rights to the property.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Why_do_NRIs_need_to_sign_a_relinquishment_agreement\"><\/span><strong>2. Why do NRIs need to sign a relinquishment agreement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NRIs may need to sign a relinquishment agreement if they have inherited property in India but do not want to maintain ownership or responsibility for the property. It may also be necessary if the NRI wishes to transfer his or her ownership rights in the property to another family member.<\/span><\/p>\n<p><b>Consult CA Arun Tiwari for more info at \ud83d\udcde\u00a0 8080088288 or <\/b><a href=\"mailto:cs@aktassociates.com\"><b>cs@aktassociates.com<\/b><\/a><\/p>\n<p><a href=\"https:\/\/pages.razorpay.com\/akt-nri-tax-consulting\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4678 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/C.png45687.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/C.png45687.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/C.png45687-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_are_the_benefits_of_signing_a_relinquishment_agreement\"><\/span><strong>3. What are the benefits of signing a relinquishment agreement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Signing a relinquishment agreement can help NRIs avoid legal disputes with family members over property ownership. It can also provide clarity about who has ownership rights to the property and prevent any confusion in the future.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_an_NRI_sign_a_relinquishment_agreement_remotely\"><\/span><strong>4. Can an NRI sign a relinquishment agreement remotely?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, an NRI can sign a relinquishment agreement remotely. One can execute the agreement through a power of attorney or by using electronic signatures, provided that one draft and execute the document in compliance with the laws of India.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4684 \" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/guilty-lady-making-woman-asking-sad-serious-man-forgive-her-woman-begging-pardon-expressing-regret-mistake-girl-asking-guy-forgiveness-excuses-saying-i-am-sorry-please-i-was-wrong-300x200.jpg\" alt=\"Relinquishment agreement for NRIs\" width=\"370\" height=\"246\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/guilty-lady-making-woman-asking-sad-serious-man-forgive-her-woman-begging-pardon-expressing-regret-mistake-girl-asking-guy-forgiveness-excuses-saying-i-am-sorry-please-i-was-wrong-300x200.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/guilty-lady-making-woman-asking-sad-serious-man-forgive-her-woman-begging-pardon-expressing-regret-mistake-girl-asking-guy-forgiveness-excuses-saying-i-am-sorry-please-i-was-wrong-1024x683.jpg 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/guilty-lady-making-woman-asking-sad-serious-man-forgive-her-woman-begging-pardon-expressing-regret-mistake-girl-asking-guy-forgiveness-excuses-saying-i-am-sorry-please-i-was-wrong-768x512.jpg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/guilty-lady-making-woman-asking-sad-serious-man-forgive-her-woman-begging-pardon-expressing-regret-mistake-girl-asking-guy-forgiveness-excuses-saying-i-am-sorry-please-i-was-wrong.jpg 1500w\" sizes=\"(max-width: 370px) 100vw, 370px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Do_NRIs_need_to_pay_stamp_duty_on_relinquishment_agreements\"><\/span><strong>5. Do NRIs need to pay stamp duty on relinquishment agreements?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The state in which the property is located may require NRIs to pay stamp duty on relinquishment agreements.\u00a0Authorities usually calculate the stamp duty as a percentage of the property&#8217;s market value or the consideration paid for the relinquishment.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Is_it_necessary_to_register_a_relinquishment_agreement\"><\/span><strong>6. Is it necessary to register a relinquishment agreement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, a relinquishment agreement must be registered with the relevant authorities in India, such as the Sub-registrar&#8217;s Office or the Registrar of Assurances. This is important to ensure the validity and enforceability of the agreement.<\/span><\/p>\n<p><a href=\"https:\/\/aktassociates.com\/nri-lower-tds\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4679 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/N.png12354.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/N.png12354.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/N.png12354-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_a_relinquishment_agreement_be_challenged_in_court\"><\/span><strong>7. Can a relinquishment agreement be challenged in court?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If someone finds a relinquishment agreement to be fraudulent, coerced, or illegal, they can challenge it in court.\u00a0Therefore, it is important to ensure that the agreement is drafted and executed in compliance with the laws of India and is free from any coercion or duress.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_can_an_NRI_ensure_the_validity_of_a_relinquishment_agreement\"><\/span><strong>8. How can an NRI ensure the validity of a relinquishment agreement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An NRI can ensure the validity of a relinquishment agreement by engaging a qualified lawyer in India to draft and execute the agreement. The lawyer can ensure that the agreement complies with the laws of India and is free from any legal defects or ambiguities.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FAQs on Relinquishment agreement for NRIs. 1. What is a relinquishment agreement for NRIs? A relinquishment agreement for NRIs is &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"FAQs on Relinquishment agreement for NRIs.\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/#more-4675\">Read more<span class=\"screen-reader-text\">FAQs on Relinquishment agreement for NRIs.<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":4683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[316,315,317,318,319],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAQs on Relinquishment agreement for NRIs | AKT Associates<\/title>\n<meta name=\"description\" content=\"Learn about relinquishment agreements for NRIs in India. Find out the legal requirements, benefits, and validity of these agreements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/faqs-on-relinquishment-agreement-for-nris\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQs on Relinquishment agreement for NRIs.\" \/>\n<meta property=\"og:description\" content=\"This set of FAQs provides information about relinquishment agreements for NRIs in India. 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