Do sale of house property of fathers(who has expired) attract any capital gain tax in sons IT Return.How to show that cash recd in the IT File.
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PLease suggest me
Replies (2)
Dear N keswani,
LTCG on the sale of property after the death of owner shall be taxable in the hands of legal heirs............
Yes ,Amir is right
>> It is a Long term Capital gain
>> Chargable in the hands of legal heirs
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