Tax on Sale of Property sold by Father

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  1. Friends

    Friends New Member

    Hi. I have sold an old property which was on my fathers name. My father died long ago.
    The question here is now do I need to pay long term capital gain tax or Not? Since my father had purchased the property and not me ..
    Thanks!
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, you will have to pay Tax on the same
     
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