Loading...
Can an Indian expatriate (who become a US citizen several years back) give away a real estate and/or business (located in USA) to anyone in India? Can the recipient be a stranger? If yes, what is the specific procedure, in view of FEMA/FCRA, to give away some such foreign asset?
Sir, an Indian expatriate (U.S. citizen) can transfer real estate/business assets to someone in India, including a stranger, but must comply with U.S. gift tax laws and file necessary forms. It is advised to consult an expert lawyer who will assist you with the best course of action. For further legal assistance contact us on our helpline number.