The following information is through the courtesy of GOPIO. You should always consult your Financial Advisor before making any financial decision.

Courtesy : Homi D Gandhi

NRIs GUIDE TO DEAL WITH INHERITED PROPERTY

Buying a property in India is a decision that most NRIs can take after weighing the pros and cons of various tax and regulatory implications. But getting a property as inheritance is often not a choice, especially for first generation NRIs and PIOs whose parents bequeath to them, property situated in India. In such cases, NRIs must know how to deal with such inheritances.

Columnist Deepa Venkartraghavan has written a series of articles on NRIs guide to buying and selling properties in India and has been posted at Times of India website. The latest article is on NRIs Guide to Deal with Inherited Properties. To read this article, visit the Times of India website at http://timesofindia.indiatimes.com/nri/other-news/NRIs-guide-to-deal-with-inherited-property/articleshow/9983461.cms.