Sale of inherited property
This query is : Resolved
25 November 2019
a person sold his inherited property during this FY. receiving amount distributed equally among his sons ( major).
what would be tax impact above that ? Property acquire before the year 1981.
what would be tax impact above that ? Property acquire before the year 1981.
26 May 2020
It is exempt from Income Tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
OR add as source on Google news
- Acquisition of a society by a company
- EPF withdrawal before 5 years and Disclosure in ITR-2
- ITC Utilization on vehicle repair
- FORM 115BAC
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- Transfer of immovable property without consideration
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- HRA in ITR 2 FY 2024-25
- Transfer of partnership interest in LLP
- Investment guidance for NRI
- IT on Income from rent
- Rebate Under 87A Issue
- Filing - ITR FY 2024-25
- Updation Required
- Tax invoice in special case
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
