http://www.pressies.org/gifts-hyderabad/
Tranfer the title of house or inherit??? PLEASE HELP!!!?
I am a non-resident indian ( greencard holder but Indian citizen). I gave money to my mother to buy an apartment in hyderabad. The apartment is in her name but she is planning to bequeath the house to me in her will. She recently became a green card holder too.
My dilemma is ..should I get the house transferred to my name now and avoid complications later ( a non-resident indian bequeathing a house to another non-resident indian) or is it OK to get it as an inheritance later on?
Which is more easier and beneficial..?
I am not sure about the tax implications also..like the capital/inheritance /gift tax…..
CAn someone PLEASE HELP ME? Its my hard earned money which is is jeapordy now…PLEASE advice…
As the property is in your mother’s name, one day or the other it has to come in your name,
1. She can make a deed and leave it with the advocate, and in the end you can get it registered. you can register when ever you like and that time the prevailing rate will be taken into consideration.
2. now she can gift deed you the property, and you can get the same registered, and the registration cost will be 2 % of the government rate.
A gift for Jen
