Capital gains

This discussion clarifies capital gains tax implications when selling inherited land. Initially, it was suggested tax liability would be proportionate to each brother's share. However, with a No Objection Certificate (NOC) from all brothers to Mr. A to sell the land, the situation changes. If the land wasn't formally transferred to Mr. A before the NOC, he may need a succession certificate. Once this is established, the capital gains tax liability will fall solely on Mr. A, based on the land's value at the time of succession.