Selling inherited property? Know who is liable to pay income tax on capital gains and how heirs can claim tax relief

Succession-related tax disputes frequently arise because the legal ownership, sale deed, banking trail, TDS records and income-tax returns do not correspond with one another. Families should therefore identify and document each heir’s share before the property is sold and ensure that the entire transaction is reported consistently across all legal and tax records.

Here a guide on what happens when the inherited property is sold.