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Transfer of property of decesed person
how property of individual is transfered to his legal heirs when he dies .i want to ask that how capital of decesed person shown in his incometax file on his death is transfered to his legal heir.plese suggest,which section of income tax are applicable in this situation,which income tax rules are applicable
Replies (1)
Property transfer rules have nothing to do with tax.
it is as per will, succession laws.
there would be tax implications after distribution of property to legal heirs.
you have to consult a professional with full details
it is as per will, succession laws.
there would be tax implications after distribution of property to legal heirs.
you have to consult a professional with full details
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