actually its simple.
lets say you inherit something today. Since there is no inheritance tax, you are not liable to pay anything today.
Now, let's say a year down the line, you dispose of this inherited property. If the disposal price is higher than the indexed cost of the inherited property, the difference is taxable in your hands.
lets say you inherit something today. Since there is no inheritance tax, you are not liable to pay anything today.
Now, let's say a year down the line, you dispose of this inherited property. If the disposal price is higher than the indexed cost of the inherited property, the difference is taxable in your hands.
What price has to be considered for indexation purpose, for such inherited property.
And secondly, if I inherit a part of the property and want to sell, then.
Thanks