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Capital gain tax liability of deceased father
My father sold his house in Jan 2020. but before he could purchase a residential property to the extent of capital gain, he died in April 2020. can I , being his legal heir purchase the residential property to the extent of my father's capital gains?
Replies (1)
U need to pay tax as a representative assessee and you situation similar to your father in this case. so any no deduction us 54 .
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