Cost of property amount taken in bank

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A user is asking whether a 10 lakh share of a property, representing the original investment cost, is taxable. They also want to know if the other parties need to provide an affidavit confirming this amount is solely for the investment share. Advice suggests that if it's just the cost and no appreciation is involved, there should be no capital gains tax liability.

Shailendra Kumar

Shailendra Kumar (Querist)
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07 September 2025 Sir,
Request someone, please advise

My wife's mother left a flat, in which she invested 30 lacs. Now the other parties agreed to give the 1/3rd.share ( cost only) ie. 10 laks in my wife's account and not any appreciation on the flat. Is it taxable? Do we have to pay tax on this amount. And, are the other parties have to give any affidavit stating that this amount is the share of investment.
Thanks

Shailendra Kumar