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Thanks for your help; I think I have a better understanding now. I shall get in touch with you for further help as and when some of my plans take shape.

Thanks, Mukat.
I have narrowed my question to one central one. I would appreciate an answer on this one.
Examine the following situation: I sell real estate in India (one is principal residence and...

I am an Indian citizen and permanent resident in the United States. When I sell my real estate property in India, I am due to pay taxes in India. When I transfer the sale proceeds to the U.S. am I...