Send money to India from USA
How to Exchange Money for India | USA Today
Have you recently inherited property in India and are looking for ways to bring this inherited money back to USA? Taxation can be a really complex issue, especially if it involves two different countries. It is, therefore, important to know the tax laws of both countries, before you can plan to bring the inherited money from India to the United States. Most people worry about the amount of money they will have to give away as tax on their inherited property. However, India does not charge taxes on inheritance property itself. Tax is levied only when income is generated from the inherited property and this income generation can include interest, capital gains, dividend, rental income or financial assets earned from the sale of the inherited property, says an article on The Time of India.
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