Hi,
Recently we sold an inherited property for 47 lakhs and the amount was distributed equally among 5 siblings through DD in each of their names. Can the whole capital gain tax be paid collectively by anyone of the sibling or each of them have to pay their own capital gain tax individually?
Thanks in advance.
Regards,
Nitin R
| Originally posted by : Mihir | ||
 |
Who was the owner of this property? Whose name is mentioned as sellers in the sale deed? |  |
My grand mother was the owner of the property. She is no more.
Each one is liable to capital gain and each one individually will have to pay tax or invest in another property or bonds.
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