| Question And Answer | |
|---|---|
| Subject: | legal heirs vs aop |
| Category: | Income-Tax |
| Querist: | bs |
| Answered by: | Research Team |
| Tags: | APO, Co owners |
| Date: | April 1, 2023 |
1] c0-legal heirs offered rent income as AOP for years
2] can LTCG be later taxed in individual hands of legal heirs since buyer reuses to buy property from AOP?
Depends upon the facts. Whether Probate is obtained or is there any dispute as regards share to be divided etc . If the shares are specified the property can be sold by the individuals as co-owners.
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