nataraja
Apr 5, 2007, 10:16 AM
I inherited a share of my grandfathers property in India which was sold by mutual consent of the owners very recently. I intend transferring the proceeds to the US after paying Capital Gains Tax in India.
How will this accrual of funds be viewed by the tax authorities in the US. I am a US born US citizen.
How can I minimise my exposure to US taxes and can I claim relief against the 23% Capital Gains tax to be paid in India.
How does the dual taxation agreement between India and the US benefit me ?
How will this accrual of funds be viewed by the tax authorities in the US. I am a US born US citizen.
How can I minimise my exposure to US taxes and can I claim relief against the 23% Capital Gains tax to be paid in India.
How does the dual taxation agreement between India and the US benefit me ?