Fema rules on holding overseas assets after returning to India

I am an Indian citizen living in the USA.

- Shaishavi Kadakia & Lily Poonia

I am planning to move back to India to settle there permanently. I own property and other assets in the USA, and I have already executed a Will that covers these assets. Once I move back to India, will I be required to bring these assets or the money from selling them to India? Also, will I need to make a new Will?—Name withheld on request

If you have acquired assets (such as immovable property, shares, etc.) or earned income outside India when you were residing overseas then you will not be required to liquidate the assets or repatriate the sale proceeds or income to India when you move back to India from the USA.