Liability of income tax on selling of inherited property

770 votes

you haven't mentioned the nature of property which was sold. you may get benefit by investing in Capital Gain benefit bond or Deposit which you have to invest within 6 months from date of sales. or purchase new house property within 2years after date of sale or one year before date of sales. or constract within 3 years from date of sales. But be careful on Government valuation & your sales received.

Advocate Anikesh Banerjee LawRato