NRI expats: How are inherited funds or properties taxed in India?
There is no inheritance tax in India, but there are other rules to factor in
Source: gulfnews.com
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How to Claim Mutual Fund Units After Death of the Unit-holder
0 We save and invest in the hope of providing a better life for ourselves and our loved ones. But death is inevitable. So what happens to our mutual fund (MF) units when we die? Transmission of MF units is a process whereby units held in the name of deceased unit-holder are transferred either to the surviving unit-holders or to the nominee or to the legal heirs. MF Asset Management Companies (AMC) have a common procedure for transmission of units, however, there might be a slight variation in formats or documents required across AMCs, but broadly the process is the same.
Source: moneylife.in