Tax laibility of inheritor

This query is : Resolved 

31 March 2014 I WANT TO KNOW SUPPOSE A PERSON HAS BEEN DIED IN THIS CASE THE PROPERTY OF THIS PERSON HAS BEEN TRANSFER TO INHERITOR NOW HERE MY QUESTION IS CAME IN THIS CONDITION THE TAX LAIBILITY OF INHERITOR SHOULD CONSIDER THAT PROPERTY WHICH IS TRANSFER FROM THAT PERSON. PLEASE TELL ME THE UNDER WHICH SECTION IT COMES.PLEASE EXPLAIN ME IN DETAIL.

THANK YOU

31 March 2014 if your Q. about wealth tax than
one house will exempt u/s 2(ea ) of wealth tax act

01 April 2014 House Property and Life insurance claim Amt.


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