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Ancestral property sale and will the capital gain tax be applicable
05-Dec-2023 (In Property Law)
Sir, we have ancestral property in Telangana state. its more than 100 years old. my father passed away in 1976 and mother in 2009. we are 4 brothers and got the property registered on our names in 2015 via partition deed. I am selling my part as per the municipal value this month. Can I know will my sale attract any capital gains tax please? Thank you
. its more than 100 years old. my father passed away in 1976 and mother in 2009. we are 4 brothers and got the property registered on our names in 2015 via partition deed. I am selling my part as per the municipal value this month. Can I know will my sale attract any capital gains tax
It is taxable but u can consult a charted accountant for better help in tax
It is taxable but u can consult a charted accountant for better help in tax
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Adv. Nilesh Narania
Hyderabad | 100+ Answers
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