Inheritance foreign

This query is : Resolved

Dheeraj (Querist)
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26 September 2023 Dear Sir/Madam,
A friend of mine in England (now deceased)has named me a beneficiary in his will.Inheritance taxes will be paid in England and then money will be transferred to my account in India.
My query is-
1)Do I report the amount in my ITR ,if yes then under what heading?
2)Will this amount be taxable in India, if yes then can I use DTAA scheme as tax is already paid in England.
SCENARIO 2-
1) If I was a non-resident for the year the money was transferred, will it make any difference for tax purposes?
2)Should I ask for transfer to my NRE or NRO account?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 September 2023 1 No.
2 No inheritance tax in India.
Scenerio 2.
1 No
2 NRE.

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