When inherited assets are sold by the inheritor, capital gains tax applies to both residents and non-residentsLong-term capital gains are taxed at 20%, excluding education cess and surcharge
2 min read5 Mar 2019The 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