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Inherited property


CA Anand hurgat (CA IN PRACTICE)     12 June 2019

CA Anand hurgat
CA IN PRACTICE 
 2 likes  67 points

| My Other Post

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

avater

Sreekanth (Articled Assistant)     12 June 2019

Sreekanth
Articled Assistant 
 2 likes  38 points

View Profile | My Other Post

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.,

avater

rahul karke   12 June 2019

rahul karke

 2 likes  83 points

View Profile | My Other Post

if property is transferred then tax liability may come


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