15 July 2013
MY MATERNAL GRANDMOTHER SOLD HER HOUSE LAST YEAR IN WHICH SHE WAS RESIDING AND RETURN WAS FILED ACCORDINGLY. THIS YEAR HER BROTHER SOLD HIS HOUSE IN WHICH HE WAS RESIDING BUT THE DOCUMENTS OF THE HOUSE SHOWED THE NAME OF ALL BROTHERS AND SISTERS DUE TO WHICH MY MATERNAL GRANDMOTHER GOT SOME SHARE. I WANTED TO KNOW HOW TO SHOW IT IN INCOME TAX RETURN AND WILL THE AMOUNT RECEIVED BE TAXABLE?
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