Remittance of inherited assets requires RBI application via authorised dealer with probate, tax clearance, asset statement, and CA certificate. Applications for remittance of legacies, bequests or inheritances to beneficiaries outside India must be routed through an authorised dealer to the ... Summary
Remittance of inherited assets requires RBI application via authorised dealer with probate, tax clearance, asset statement, and CA certificate.
Applications for remittance of legacies, bequests or inheritances to beneficiaries outside India must be routed through an authorised dealer to the Reserve Bank office in whose jurisdiction the applicant resides. Required documents include certified probate or letters of administration or succession certificate, the will where applicable, a Tax Clearance/No Objection Certificate from Income Tax authorities, a statement of Indian assets showing form of holding and any Reserve Bank approvals, and a Chartered Accountant's certificate confirming the remittable amount and that Indian liabilities of the estate are met or provided for.
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