Best way to save tax on capital gain on deceased estate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2013
Kindly suggest best way to save tax on capital gain on estate of deceased in following cases:-
If estate of deceased is sold and tax is paid on capital gain after taking benefit of cost of index and income tax return is filed in name of deceased.
Or
First estate of deceased is distributed among the legal heirs and each legal heir can sale the property and pay the tax on capital gain after taking benefit of cost of index according to their exemption limit.
If estate of deceased is sold and tax is paid on capital gain after taking benefit of cost of index and income tax return is filed in name of deceased.
Or
First estate of deceased is distributed among the legal heirs and each legal heir can sale the property and pay the tax on capital gain after taking benefit of cost of index according to their exemption limit.
16 February 2013
Option 2- each legal heir-Wala - is more beneficial and practical.
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