@ksh2025 ,
For US tax purposes, you disposed off only your share ( 50% ) of the property. Thus in your example, your basis ( for your portion of the asset ) is 50,000 and the sales proceeds is 100,000 .
For Indian Tax purposes you probably have to file two separate ITRs -- one for your mother ( even in a Hindu Joint Family) and one for you. The Taxes paid to India by you ( for your share ) will then be eligible for Foreign Tax Credit treatment.
Does this make sense ? Is there more I can do for you ?
Namaste ji
pk
