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Discussion > Income Tax > Tax queries >

LTCG -remittance of inherited property

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Consultant

[ Scorecard : 71]
Posted On 24 July 2010 at 04:12 Report Abuse

I sold a self aquired property and I wish to share the property sale proceeds after adjusting Long term capital gain. After investing the amount in another house towards LTCG, I wish to remit the funds to my NRI son towards his share of inheritance. Can i remit his share to his country of domicile? If so are there any taxes to be paid before remitting to my son who is a non-resident. Is there any limit in such remittance. Can any one clarify this point pl.

 

Thanks in advance

Chinnappan D M

+9840547014



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