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?
Menu
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.
Recent Topic
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
Related Topics
CAclubindia
