I sold a self aquired property and I wish to share the property sale proceeds after adjusting Long term capital gain. After investing the amount in another house towards LTCG, I wish to remit the funds to my NRI son towards his share of inheritance. Can i remit his share to his country of domicile? If so are there any taxes to be paid before remitting to my son who is a non-resident. Is there any limit in such remittance. Can any one clarify this point pl.
Thanks in advance
Chinnappan D M
+9840547014
CAclubindia
