To whom it may concern,
My first question is: My parents had purchased two flats and a shop in mumbai in the 90s when we were all citezens of India. The flats have my parents name or my name and in 1 instance my sister's name as well. Now we are all citezens of USA. We want to sell the property in India, but unfortunately, my sister and my parents cannot travel due to health and personal reasons. So they want to give me the POA to do it on their behalf. Can this be done?
My Second question is that what are tax implications on this and what would be the best way to move the money collected from the sale to India to US?