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Inheritance Tax News

How is Tax On Sale Of Inherited Property Calculated?
Inheritance tax in India was abolished in 1986. There are some discussions in public forums regarding the reintroduction of inheritance tax, especially for high net worth individuals. This serves to reduce wealth disparity in the community, which in India is surely ...

Selling of Inherited Property May Attract Tax
In India, at present tax is not levied on inherited property unless you sell it. You would be eligible to pay tax on gains earned by you on the sale. For determining capital gains tax one needs to look at expenditure ...
Do NRIs inheriting property in India need to pay tax?
There are several Non Resident Indians (NRIs) who have settled abroad for many years with folks living back home in India. Many cases have arisen where a NRI inherits property from parents and relatives and he does not know the tax ...
What is Inheritance Tax in India?
The government of India is looking at the possibility of levying tax on inheritance, as in countries like the US, where an inheritance tax is applicable. Different countries have different tax rates ranging from 10-50%. Inheritance tax is a tax ...
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