Sale of Inherited Property

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Sumiti Jain (Querist)
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18 February 2011 Is the gain from the sale of inherited property is exempted?

Bhaskaran Chackrapani Warrier (Expert)
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18 February 2011 Gain is taxable under the head'capital gains' if not agricultural property.

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Guest

Guest (Expert)

18 February 2011 it can not be exempted for capital gains merely because it is inherited property,

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