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Question ID : 42190

Share from Inherited Property

A married lady gets her share from her father's inherited property Around 20 Lacs by banker cheque It should be tax free in my opinion as there is no inheritance tax in India. Am I correct?

Posted by Mahesh Kumar on Dec 09, 2021

Filed Under DIRECT TAXES

Answer ID : 81384

Gift from relative. No tax.

Posted by VINAY BHARGAV KUMAR G on Dec 10, 2021