Income tax

kunhi marakkar (Querist) 04 April 2022 This query is : Resolved
I sold my deceased fathers property . my share is near to 28 lakh rupees. if I deposit this money altogether in a single bank account will any tax deduction come?

Follow Query

Report Abuse

kavksatyanarayana (Expert) 04 April 2022
No, to my best known. It is better to post this query on CAclubindia.com or consult a local CA.

Dr J C Vashista (Expert) 06 April 2022
Consult a local CA or post in CA Club as advised by senior expert Mr. Kavksatyanarayana, which I endorse and appreciate.

P. Venu (Expert) 10 April 2022
You could be liable for capital gain. Contact an Income Tax Practitioner.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Member Strength 981678 and growing..

Stay updated with latest Posts!

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify