E-PaperTax On Inherited Assets News
Money
No tax is levied on inherited assets or money
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 2019Popular Topics
Budget
The 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
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