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ndsadvisors.com

Inheritance Advisory · ICAI Registered Firm

Inheritance the wealth you receive, structured the right way.

End-to-end inheritance support — succession certificate, probate, transmission of shares and property, tax treatment of inherited assets, and FEMA-compliant repatriation for NRI legal heirs.

Inheritance in India is a layered legal exercise. The same set of assets is governed by the personal law of the deceased (Hindu, Muslim, Christian, Parsi succession laws), the Indian Succession Act for wills, the Income-tax Act for taxation, and FEMA for any cross-border movement to NRI heirs.

Many NRIs underestimate the work involved when an Indian parent or relative passes away. Bank accounts get frozen, shares cannot be transferred without succession certificates, property mutation can take months, and repatriating sale proceeds requires Form 15CA / 15CB plus careful sourcing documentation.

At NDS Advisors, we coordinate the financial and tax side of inheritance — drafting and updating wills, obtaining succession certificates and probate, transmitting shares and mutual funds to heirs, and handling repatriation of inherited assets within the USD 1 million per year FEMA limit.

Our Inheritance Services

01

Will Drafting

Drafting and updating of wills for residents and NRIs with Indian and overseas assets.

02

Succession Certificate

Succession certificate applications for movable assets like bank balances and shares.

03

Probate of Will

Probate filings in jurisdictions where the law requires probate.

04

Asset Transmission

Transmission of shares, mutual funds, FDs, and property to legal heirs.

05

Tax on Inheritance

Tax treatment of inherited assets, cost of acquisition, and capital gains on sale.

06

Cross-Border Inheritance

Inheritance of overseas assets by Indian residents and vice versa.

07

Repatriation by Heirs

FEMA-compliant repatriation of inherited proceeds by NRI heirs.

08

Family Settlement

Documentation of family settlements with tax and stamp duty considerations.

Our Approach

1

Estate Inventory

List of all assets — Indian and overseas — and identification of heirs.

2

Legal Pathway

Will, succession certificate, or probate route decided based on facts.

3

Documentation

Death certificate, legal heir certificate, affidavits, and indemnity bonds prepared.

4

Transmission

Banks, registrars, and depositories engaged to transmit assets.

5

Tax & Repatriation

Tax position on inheritance and onward repatriation finalised.

Why It Matters

Single-firm coordination of inheritance
Will drafting for resident and NRI
Succession certificate handled
Asset transmission across types
Tax position on inheritance clarified
Cross-border inheritance support
USD 1 mn repatriation for heirs
Family settlement documentation

Frequently Asked Questions

No, inheritance itself is not taxable; only income earned from inherited assets is taxed.

Required for movable assets where there is no probate-able will.

Yes, NRIs can inherit any kind of property, including agricultural land.

Yes, up to USD 1 million per financial year under the FEMA scheme.

Mandatory only for wills covering immovable property in Mumbai, Chennai, and Kolkata.

Inheriting Assets in India?

From succession certificate to asset transmission, tax position, and FEMA repatriation — get the full inheritance cycle handled by Chartered Accountants.

Start Inheritance Process or call +91 9819 000 511