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Inherited property

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(Querist)
12 October 2013 please guide me through the the treatement on receipt and tranfer of inherited property. the assessee has no other source of income except int. on bank a/c.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 October 2013 Inherited property not treated as transfer under income tax, while receiver transfer to someone then only tax liability will arise.

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