Inheritance Tax in India for NRIs, OCIs & US Citizens
Inheritance is 100% tax-free in India for NRIs, OCIs, and US citizens, meaning there is no inheritance tax in India for NRI, no inheritance tax in India for OCI, and no inheritance tax in India for US citizens. Neither the receiver nor the transferor pays tax at the time of inheritance. However, capital gains tax applies if the inherited property, shares, or other assets are sold. Repatriation of such proceeds is possible up to USD… Read More »Inheritance Tax in India for NRIs, OCIs & US Citizens