Inheritance
Regulation & taxAssets received on the death of the previous owner.
In plain terms
Untaxed on transfer in India, but the original cost and holding period carry over to you.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Family agreement
Risk & psychologyA shared understanding among relatives about an indivisible asset.
In plain terms
Have the conversation before acting. Silent assumptions turn a shared inheritance into a decade-long dispute.