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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2011 is income tax need to be paid for the inherited property?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
22 October 2011 Property received through inheritance is exempt from tax under Section 47 of the Income Tax Act.
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