Markets◆ Mixed
Received Rs 45 Lakh Inheritance At Age 45: How Will That Money Be Taxed; Where You Can Use It Next
Income Tax is in focus.
· NDTV Profit
Although India does not levy a direct inheritance tax, the deceased person’s legal representative may still need to file an income tax return on their behalf.
The analysis
Income Tax reported Rs 45 Lakh. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With Income Tax involved, this carries a regulatory dimension that can outlast the immediate market reaction.