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    Transferring Money from India from sale of inherited property

    Why were you asking all those questions? Please stay away from wasting people's time. If there is anyone on the forum who may have a similar experience and can share their insight, would be sincerely appreciated.
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    Transferring Money from India from sale of inherited property

    @steaky : It is clear that the transaction needs to be reported. Do I need pay any taxes (since the capital gains tax is already paid in India)? If you have any supporting document to support you view, kindly share. In the USA, there is no federal tax (based on the Indo-US tax treaty) but one...
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    Transferring Money from India from sale of inherited property

    1) Became a resident in 2000. Became a citizen in 2003. 2) Property was inherited in 2016. Property was sold in 2021 3) There was capital gains and tax on the gain was paid (@ 20%) in India Let me know if there are any additional questions. Thank you. Looking forward for any insight.
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    Inherited property overseas - proceeds of sale

    Hello. I am a Canadian citizen living in US. I am trying to transfer money (proceeds from selling an inherited property) from India to Canada, I have paid the long term capital gains and filed the tax return in India. Do I owe any taxes in Canada (or just declare in the return)? Any information...
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    selling property in country of origin

    Hello. I am a Canadian citizen living in US. I am trying to transfer money (proceeds from selling an inherited property) from India to Canada, I have paid the long term capital gains and filed the tax return in India. Do I owe any taxes in Canada (or just declare in the return)? Any information...
  6. P

    Transferring Money from India from sale of inherited property

    Hello. I am a Canadian citizen living in US. I am trying to transfer money (proceeds from selling an inherited property) from India to Canada, I have paid the long term capital gains and filed the tax return in India. Do I owe any taxes in Canada (or just declare in the return)? Any information...
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    Property sale in India and how to bring money to Canada and taxation on it

    This is very helpful. After paying the capital gains and filing the tax returns in India, I understand that I need to declare the amount in my Canadian tax return BUT, do I have to pay any taxes in Canada? Thanks in advance for your response.