Answers On Topic: inherited from father
  Transferring inheritance cash assets out of India – Indian tax impact
Mr A living in Mumbai expires, leaving behind a will for his assets, and how he wishes it distributed to his family. Several family members live in India (including the executor of the will), and some in USA (now US citizens, some born in USA). What are the tax implications for remitting the cash assets to family USA residents? PAN/Aadhar requirements? Annual amount limits etc ...?


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  Whether transfer of amount to sisters , which the assessee inherited from father is liable to tax .?
I just want to know, if am settling my sisters with an X amount for the property that I inherit from my father. Will that X amount is taxable or not?


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