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The Economic Times

Economy / The Economic Times

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Inherited assets? 6 tax tasks heirs must complete

Navigating taxes after inheriting assets can be complex. Legal heirs can file the deceased's tax returns and receive refunds, but their liability is limited to inherited assets. Future income from inherited assets is taxable, and while inheritance itself isn't taxed, capital gains and other income streams are subject to standard tax rules.

26 Jan 2026 6:30 am