My mother recently sold a residential property which was in her father's name. Does she has to pay any inheritance tax. This is regarding new delhi, India.

Someone told me that if invest the money buying a residential property and then retain the property for the next 3 years only then u don't have to pay any tax otherwise pay inheritance tax.

Or if u invest in the money in a commercial property or do some business with that money then also u have to pay inheritance tax. Is that true.

Can u please tell me the details of inheritance tax in india,

In which situations is it levied and all the other conditions.

Thanks a lot.

This forum deals esclusively with taxes for the United States. Your questions regarding Indian tax law will get no answers here.

Recommend you post your questions to the following forum instead: http://mytaxes.in/