Is Inherited Property Taxable in India?

In India, inherited property is not considered taxable under the Income Tax Act, as it is not treated as income. However, any future income earned from such property, like rent or capital gains from its sale, is subject to taxation. In cases where an inherited property is sold, the seller may be liable to pay capital gains tax, which depends on the property's holding period and market value at the time of inheritance. Proper estate planning, such as creating wills or trusts, can help mitigate tax liabilities for heirs.