POSTED BY September 30, 2013 7:14 pm ONE COMMENTON
My father had executed a settlement deed in favour of me and my sister seven years ago for an independent house on 50;50 basis located in chennai. This is also registered in the local registrar office. After his death 5 years ago both of us want to sell this property and share the proceeds on 50 50 basis. Both are agreeable. Please advise me on the various tax implications on the money so received.