I received Rs. 15 lakhs (through bank transfer) from my parents in their will, in F.Y. 2021-22. What will be it's tax treatment ?
Thanks & Regards
4 Replies
PUTHETY SRINIVASULU
(85 Points)
Replied 15 October 2021
Provided the amount is out of taxed amount or exempted amount
sabyasachi mukherjee
(27574 Points)
Replied 16 October 2021
Inheritance law is exempted from income tax act.
But if you have inherited any stocks and securities and the same is sold, capital gains either short term or long term .
But if you have inherited any stocks and securities and the same is sold, capital gains either short term or long term .
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