My grandfather shifted to Mumbai somewhere in 1952. He purchased 3 adjacent rooms (one at a time) in a chawl in Khar, Mumbai.
These rooms were bought at different times and at different cost. There is no buy agreement / paperworl for money given to seller.
My family has been living in this chawl ever since and now want to sell it out. The 3 rooms are in 2 different names now. (2 in my mothers and 1 in my aunts)
What would be the tax liability on the amount my mother and aunt get by selling this property.
How do we factor in the name change cost / NOC cost taken by landlord?
Thanks in advance.
