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Sale of Inherited Property

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(Querist)
18 February 2011 Is the gain from the sale of inherited property is exempted?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 February 2011 Gain is taxable under the head'capital gains' if not agricultural property.
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Guest (Expert)
18 February 2011 it can not be exempted for capital gains merely because it is inherited property,
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