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Consideration received from release deed

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(Querist)
11 May 2019 I am getting consideration on surrendering my share on immovable asset .my father did not make any will . please advice if income tax is applicable for me on the consideration received or will this be treated as inheritance and hence not taxable
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 May 2019 It amount to sale of your share of immovable property capital gains tax applicable.
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