An individual can inherit property under a will or through succession. In India, at present, there is no income tax on the inheritance of property. However, there is an income tax liability on the rental income earned from the inherited property and gets taxed as income from house property. The sale of the inherited property gets taxed as capital gains.

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Timestamps:

00:00 - Introduction
01:00 - Tax on Rental Income From Inherited Property
01:27 - Limits on Interest Deduction
02:01 - Capital Gains on Sale of Inherited Property
03:02 - Saving Capital Gains Tax on Inherited Property
04:23 - Conclusion



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