Hi Sir
My uncle in central government service and he has only two years of his left of his retirement.
My uncle has inheritance land by his grandfather, there is 17 legal heirs including wife, brother, sister, son, daughter and their children. All are given to my uncle power of attorney and NOC to sold their shares, rights of land.
My uncle developed land along with builder in JV and built a multi story building having two wings, one for each, my uncle and builder, Now uncle wants to sold all flats of his wing,
Is My uncle have to pay any kind of tax by selling flats of his inheritance property. If yes please let me know what kind of tax and how to save the tax
Thanks in anticipation
CAclubindia
