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To we have to pay any property tax on the remaining amount
07-Mar-2023 (In Tax Law)
My father in law has sell his ancestoral property last year with his brother in law in jun -2016 Total property cost is 2Cr 20 L and same has been deposited in one joint account Half of each become 1 Cr 10 L out of his contribution he has purchased property of 85L remaining amount is in joint FD which is with his brother Now my father in law has been died ,and only mother in law and my wife is only legal hire Is any tax which we need to pay now ? Second thingh on Joint FD his brother is claiming now that this money belongs to him only and not of legal hiers ,
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