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    ankitagrawal's Avatar
    ankitagrawal Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 19, 2009, 07:00 AM
    Tax Saving through Inherited property
    I am having one property(on loan) registered(2 year old)(loan 30lac) in my name and my mother's name
    My father is having one property(repayment is almost completed on his loan) registered(9 years old) (value 20lac) in his name.

    I just want to know the possible ways to sell out the property, which is in father's name and to use this amount in my loan.

    1) Without any tax
    2) With Min. amount tax.

    Ankit
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Jan 19, 2009, 08:40 AM

    This forum is about the U.S. taxes. For India taxes, you may post at mytaxes - Index

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