India and USA income tax implications
This query is : Resolved
13 July 2025
My parents have expired leaving behind a registered will in the name of three children and out of three children. Two are US citizens. I am Indian citizen and I want to pay them their 33% share each and claim the property as mine. Both the children in USA. agree to this, how to go about executing this keeping in mind tax implications for all the children. Property is in Noida. We are Hindu. Thanks
13 July 2025
Better option would be they relinquish their rights in the property wide executing deed, & You gift them their shares by bank transfer.
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