Tax on Inherited Property
Inheriting, holding and selling property received through a will or succession
- 1EstablishTitle and original cost documented.
- 2ValueFMV as on 2001 obtained where useful.
- 3Compute and fileGain, exemptions and ITR completed.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Tax on Inherited Property
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
India has no inheritance tax, so receiving property through a will or succession isn't taxed. When the heir sells, the previous owner's cost and holding period are used — and for property the previous owner acquired before 1 April 2001, its fair market value on that date (capped at the stamp-duty value then) can be taken as cost. The gain is then taxed as long-term or short-term in the heir's hands, with Section 54 and 54EC available.
Because the original purchase may be decades old, a registered valuer's report for the 2001 value is often the single biggest factor in the tax bill. Where indexation is available to a resident heir, the base year used for inherited property has been contested in courts, so we apply the most defensible position for your facts.
Title steps — probate where required, succession certificate or legal-heir documents, and mutation — should be completed before sale so that the buyer's lawyer and bank accept the title.
| Tax on inheritance | None |
|---|---|
| Cost on sale | Previous owner's cost (or FMV on 1 April 2001, capped at stamp-duty value) |
| Holding period | Includes the previous owner's period |
| Exemptions | Section 54, 54F and 54EC as applicable |
Who this is for
Common scenarios where this service is a good fit.
- Heirs selling inherited houses, flats or land
- Siblings dividing inherited property
- Families with old property bought before 2001
What you get
Clear deliverables so you know exactly what's included.
- Cost and holding-period computation
- Registered valuer coordination for 2001 value
- Exemption planning
- ITR filing
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Title and original cost documented.
FMV as on 2001 obtained where useful.
Gain, exemptions and ITR completed.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
