Inherited property, gold or shares? Here’s when you’ll actually pay tax in India

Inheritance in India is completely tax-free since there is no inheritance tax, estate duty, or death tax imposed since 1985. However, taxes may arise after inheriting assets depending on the income earned from them, such as rental income, or if the assets are sold. For example, capital gains tax applies when inherited property or investments like stocks are sold. Therefore, while receiving inheritance itself is tax-free, managing or selling inherited assets could trigger tax liabilities under income or capital gains tax laws.