The good news is that there is no inheritance tax in India, even though many developed countries still levy it. Inheritance tax is levied on any assets or property that are passed on by a deceased to his legal heirs, be it children or grandchildren. Does one have to pay inheritance tax in India? What happens if you decide to sell the movable or immovable assets you have received? Is there any short- or long-term capital gains tax involved? Here’s everything you need to know about the taxation that you may or may not incur on your inheritance. What may sour this feeling, however, is the realisation that you may incur tax liability on the inheritance you have received. It’s a warm reminder of the fact that you were loved and important enough for someone to leave behind something for you. It’s always a welcome feeling to receive inheritance, unexpected or otherwise, from your relatives. Mutual Funds Spend P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter

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