LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Income tax on share of ancestor property

(Querist) 07 March 2015 This query is : Resolved 
My father wanted to sell his as well as my mother’s property (Mother is no more). We all children (legal heirs) are ready to sign for registration. Do I need to pay Income tax for my share? I wanted to put it in my bank. Please advice.
Report Abuse
Suhail A.Siddiqui (Expert) 08 March 2015
Yes, If capital Gain arises after valuation of property of 1981

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now





Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!