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Inherited property selling amount treatment in it returns

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(Querist)
01 August 2022 Sir,
It assessess rs:15 lacs shareing amount from selling for inherited property in f.y.21-22.
Question;
Assessess received amount treatment in it returns and books .
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 August 2022 It should be declared under long term capital gains. If any LTCG tax liability arises, need to be paid.

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