Search found 2 matches
- Mon Aug 29, 2011 7:06 am
- Forum: Community Lounge
- Topic: RE gift tax
- Replies: -1
- Views: 3
RE gift tax
My mother in law wishes to sell her apartment in India and want to distribute the amount equally among her sons. She is a US citizen. All the sons are in US. The property in India was bought when she was an Indian Citizen. She does not pay any taxes in India. Question- Will she have to pay tax in ...
- Thu Jul 28, 2011 8:58 pm
- Forum: TAT Admin Office
- Topic: Offshore Voluntary Disclosure Initiative or Tax Amends
- Replies: -1
- Views: 118
Offshore Voluntary Disclosure Initiative or Tax Amends
My husband had some ONGC shares (demat). How will this be treated by IRS under OVDI. will only the dividend be taxed or the shares too. will the shares be taxed at market value?