QUERY ON CAPITAL GAINS
THE OWNER OF AN INDIVIDUAL HOUSE DIED INTESTATE ( MEANS WITHOUT EXECUTING A VALID WILL ). THE LEGAL HEIRS OF THE PROPERTY – TWO SONS AND WIFE.
AFTER GETTING LEGAL HEIR CERTIFICATE , A POWER OF ATTORNEY WAS EXECUTED IN FAVOUR OF A BUILDER
THE SALE DEED WAS DULY EXECUTED AFTER CANCELLING THE POWER OF ATTORNEY
THE SALE PROCEEDS WAS RECEIVED BY ALL THE THREE LEGAL HEIRS EQUALLY
ARE THE LEGAL HEIRS LIABLE TO CAPITAL GAINS ?
HOW TO CALCULATE CAPITAL GAINS INCIDENCE ON THE LEGAL HEIRS
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