How can I minimise my tax burden on the sale of an inherited house?
An inherited house would attract capital gains tax just as any other house would. In case of inherited assets, the date of acquisition and the cost of acquisition in the hands of the previous owner (from whom you inherited the house) would be deemed to be the date of acquisition and cost of acquisition in your hands. In order to minimise tax on the long-term capital gains on the sale of your house, you could either invest in another house or you could invest the capital gains in the capital gains bonds issued by NHAI and Nabard within six months from the date of sale of the house. I am an NRI (PIO card holder) and I bought shares of a company in India about 19 years ago. Will I owe any tax on long-term capital gains if I decide to sell those shares? If the shares that you purchased are listed and if you now sell them on a recognised stock exchange then the broker would recover Securities Transaction Tax from you. In such a situation, the long-term capital. It’s now more than 10 years s
