13 January 2014
My Widow Mother purchased Residential House on 16/05/1985 and died on 26/12/1993. The Inherited Residential Houses property having FOUR Legal heirs sold for Rs.30 Lacs during the F.Y.2012-13. I have received 25% share of Rs.7.5 lacs. Will it attract capital gain tax? How to calculate it?
CAclubindia
