Tax on inherited property
shoeb parwaiz (accountant) (318 Points)
21 June 2017shoeb parwaiz (accountant) (318 Points)
21 June 2017
CA Aditya Goenka
(CA Practice)
(174 Points)
Replied 21 June 2017
Yes,you and your brother are liable to pay tax under the head capital gain on the sale of property.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India