My mother has sold her flat in Mumbai, which she owned by nomination, there are 3 other heirs to this property, Please tell me whether the LTCG tax will be applicable to her only or to others if any 'family arrangement doc' is done. Can other legal heirs after the split avail the benefit of indexation separately.
I think on your mother only
but plz b confirm also...
thnx
i think it is applicable on ur mother (not sure)
in case of inherited property... indexation benefit is applicable from the year of inheritance & not from the year of original acquisition...
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