Inheritance post death without will

First of all you need to transfer the property in the name od legal heirs and sell the property jointly ;Receive the amount distribute as per respective shares.

Until property is not in the name of sellers they cannot sell itTax shall be payable as per the share in the property.

Better for you to consult some advocate to get things fixed

How the buyer shall pay must be settled by you people with him;

you can make understanding with buyer to pay in the manner as you wish

1.  IRRESPECTIVE of the absence of Deceased's WILL document, the Four Legal Heirs can sell the property WITHOUT first getting transferred /mutated, by "JOINT" signatures as  "Consenting & Confirming Parties", in the Sale Deed. This will require relevant document proof of being a Legal Heir of the deceased.  No need for any Legal Heir Certificate or any other document.

2. The Sale Deed can contain strategic clauses of EQUAL payment terms to the Four legal heirs, who would show their respective received amounts in their Income Tax Returns, which will be completely Tax free, since there is no income tax on inheireted property.

3. Selling /Buying of Self-Acquired property, is in no way connected to the "conveyance" of the Society, since society can deal only with its Society's membership and not with Property's Title-Ownership.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

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If the inherited property is jointly held by the heirs without selling there will be no capital gains tax. If it is sold jointly and converted into cash each of the heirs will be liable to pay capital gains tax.