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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Capital gain on property inherited - the property inherited by ...


Inherited Property Tax: Capital Gains Taxed Individually, Not Jointly, as Per Inheritance Rules.

December 28, 2019

Case Laws     Income Tax     AT

Capital gain on property inherited - the property inherited by the respective assessees is their individual property and, therefore, the capital gains, if any, is exigible to tax in their individual hands alone.

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