My father passed away in 2014, he was a doctor. My mother sold off the instruments he owned to another doctor in 2015. The buying price is not known. It was a very large transaction (1 crore) How will the deal be taxed?
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Unknown buy price movable property sale
Replies (1)
Only from the old records of your father, or valuation report from approved valuer.
Well, as an inherited asset....... the heir may not be liable to tax.
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