PLEASE HELP ME OUT
I Am an American Citizen since last 10 years. I was born and brought up in India. I have just applied for OCI i.e.Overseas Indian Certificate which is under process. I am sharing my ancestral property with my brother who is in America. I want to ask whether I can sell and/or give a power of attorney to a trusted friend to sell my share of property in India,while I am in USA and the OCI is under process.? Secondly, If I can sell then what tax amountis to be paid to the GOvernment of India on the spot for the transaction? Can you provide the guideline or thef reference table for the payment of tax on transaction.