Скачать или смотреть 2 Crore Inherit Karo = Kitna Tax? | Property Inheritance Complete Guide

Is There Inheritance Tax in India? NO. But You’ll Still Pay Lakhs. 🏠💰
Quick answer: India has NO inheritance tax.
Parents’ property, cash, gold, shares - ZERO TAX on inheritance.
But here’s the catch…
3 COSTS YOU’LL STILL PAY:
1. Will Probate
Court verification: ₹50K - ₹2L
Lawyer fees: ₹1L - ₹5L
Time: 6 months - 2 years
2. Stamp Duty (Property Transfer)
3-7% of property value (state-wise)
₹1 crore property = ₹3-7 lakh stamp duty
Registration: 1% extra
3. Capital Gains Tax (When You Sell)
No tax on inheritance ✅
Tax on sale: 20% LTCG ❌
(Selling price - Original purchase price)
NO WILL = DISASTER:
Without will:
❌ 2-3 years court process
❌ ₹5-10 lakh legal fees
❌ Family disputes
❌ Property stuck
With will:
✅ Smooth transfer
✅ 3-6 months process
✅ Clear ownership
TAX-FREE TRANSFER OPTIONS:
Option 1: Gift deed (while parents alive)
Option 2: Joint ownership
Option 3: Family trust (₹5Cr+ wealth)
NOMINATION ≠ WILL
Nomination: Temporary custodian (bank, FD, shares)
Will: Legal ownership document
Both are necessary.
FUTURE WARNING:
Government considering inheritance tax above ₹5 crore.
Not confirmed, but possible.
HINDU SUCCESSION ACT (No Will):
If Hindu/Sikh/Jain/Buddhist dies without will:
• Wife, sons, daughters, mother = Equal share each
• Result: Disputes + court cases
ACTION STEPS:
✅ Talk to parents about making a will
✅ List all assets
✅ Consult lawyer (₹5K-25K cost)
✅ Update nominations everywhere
✅ Keep documents organized
COMMON MISTAKES:
❌ “We’ll make will later”
❌ “Verbal agreement works”
❌ “Nomination is enough”
❌ Handwritten will without witnesses
MY TAKE:
₹2 crore property but no ₹5,000 will.
This is India’s biggest financial mistake.
Making a will = Saving your family ₹10 lakh in legal fees + years of stress.
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