Property always tends to give something to its bearer. What if you want to migrate? Of course, you can move out voluntarily. But what is to be done to your inherited property then? Whether you would stay onshore or offshore, the property from the forefather will be named to his/her heir.
Inherited Property is Exempt from law However, the Foreign Exchange Management Act (FEMA) sets the guidelines for purchasing a property. On the contrary, inheriting it is exempted from any provisions of law. It apparently implies that such property is at bar of ‘Income Tax’ law. Tax Guidelines for NRIs Inherited Property:
Whom to sell?
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