Dear sir,
I have a property inherited from my father but till date i don't have any pan card. Now i want to apply for the same and file ITR. Now what i have to do with this inherited property in ITR. Please guide.
Thanks in advance
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Inherited property
Replies (2)
there won't be any tax liability on inheritance. And you can apply for PAN card (online/offline) since it is necessary for some financial transactions in future like sale of properties, deposit of cash in bank account above certain limit etc.,
if property is transferred then tax liability may come
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