British citizen of indian origin holding property in india


Me and my wife moved to the United Kingdom around 1970 and are now citizens here holding a British Passport, We have not registered for OCI. Can I hold a property in the name of my wife, my son who was born in the United Kingdom and my daughter, who was born in India but is now a British citizen. Further can I apply for pan card and hold a saving account and earn interest for the same in India without declaration of it in the UK
 
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Advocate,9444674980

No you cannot hold property in India,and  answer for the last line query is negative. Violation of the above will invite FEMA proceedings.

 
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Advocate

Your query indicates that you are trying to evade the taxes. It'll attract more complications and problems for you.
 
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