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sanjay hiremath   27 February 2022

Whether sales of deceased sister's gold and silver and further distributed amongst family members like father,brothers and sister is treated as income

My sister unmarried expired without will and whether sales of deceased sister's gold and silver and further distributed thru channel banking amongst family members like father,brothers and sister is treated as income.


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 2 Replies

Shashi Dhara   28 February 2022

Unmarried deceased  sisters asset is inherited by mother ,if mother is not alive then father inherits, it not sister ,brothers inherit ,it is also treated as income.

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     01 March 2022

Sale of gold and silver attract capital gains tax, whether they are sold before distribution or after distribution. Often it becomes necessary to sell in order to distribute.


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