Advice

Pawan (Querist) 21 December 2015 This query is : Resolved
Sir,

I am owner of a house by way of vasiyat of my parent and now I want to sell that property.I want to know

Will I have to pay long term capital gain tax?

Please tell the rules of tax my case.

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Suhail A.Siddiqui (Expert) 21 December 2015
Yes, U are liable Long Term Capital Gain Tax

Rajendra K Goyal (Expert) 22 December 2015
When received through will, no capital gains tax on receipt, if you sell it capital gains tax is applicable.

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