In India, there is no income tax levied on inheritance. However, any income earned on subsequent investment of the inherited assets shall be taxableThe rental income arising to your wife out of the share of property gifted by you to your wife shall be clubbed as taxable income in your hands
2 min read21 Apr 2019If you have received a sum of money under Will or inheritance, no tax is payable on such receipt
3 min read30 Oct 2018But you need to pay tax on any income subsequently earned by you from the sum inherited
2 min read22 May 2018Population-based intervention can cut diabetes risk and women who are physically active during pregnancy are more likely to have children who will be physically active adults studies and research tips for a healthier you
2 min read1 Apr 2016LTCG can be claimed as exempt from tax by reinvesting the gains in one new residential property located in India
3 min read8 Jul 2015The first thing you must do is to transfer the title of the property in your name.
3 min read25 Apr 2013At present, there is no inheritance tax in India
2 min read18 Apr 2013There are both ethical and economic reasons for an inheritance tax, which has won support from many economists
4 min read14 Feb 2013The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared