FAQs - Inheritance of Property
Inheritance of Property Can a property lose its ancestral character? If yes, how? Once an ancestral property is divided, the share of each legal heir is his or her own self acquired property. Further, property inherited by either a will or a gift are not ancestral properties. Moreover, self acquired property can become ancestral property if it is thrown into...
FAQS - Stamp Duty
Stamp Duty Do I need to pay stamp duty if I am taking home on rent ? How much is that ? If the rent agrrement is more than 11 months then it needs to be registered and then stamp duty needs to be paid. How much Stamp Duty needs to be paid, depends upon the amout of rent aggreed. ...
Property Tax How do I pay property tax? Most municipalities allow for the payment of property tax online. Past payments can also be checked here. The government portals also calculate the property tax liability for you. What are long term and short term capital assets? A capital asset held for not more than 36 months or less is a short-term capital...

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