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Q.

Whether one has to pay tax on inheriting parental property.

Tags: real estate, pay tax, inheriting parental
Asked by dpatnaik, 18 Mar '13 11:38 am
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Answers (5)

1.

No
earlier we had inheritance tax
abolished later
Answered by anil garg, 18 Mar '13 05:02 pm

 
  
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2.

No
Answered by Quest, 18 Mar '13 01:49 pm

 
  
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3.

Not till the time you sell it
Answered by rajan, 18 Mar '13 01:28 pm

 
  
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4.

1. Whether you inherit one Rupee or a million , it's unlikely you'll have to pay
tax on it.
2. When you inherit property and sell it -- a house, a car etc -- you
may have to pay tax.
Answered by Nitin Ray, 18 Mar '13 12:04 pm

 
  
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5.

No only wealth tax if conditions apply
Answered by rekha agarwal, 18 Mar '13 11:39 am

 
  
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