This question already has an answer here:
- Money transfer from India to USA 2 answers
My dad is an Indian citizen and he plans to sell his farm land and send the proceeds to me as a gift. I am a US citizen.
What are the tax implications to my dad since he is selling farming land?
What will be the tax implications to me as a US citizen? I might get approx. $150K
What is the best way to send me the money? Can he send it directly from his account to my account in US?