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
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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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