We are 4 bro & sis. Our house was in my mother's name. Our father died earlier. Our mother did not make any will. After 5 years of mother's death, now we all want to sell the property and share it equally. My query is - the money I get (around 4 lacs) will be taxable? If so how much & how shall I calculate the same. Also is their any way I can save the tax, if any, legally. I am salaried person in tax bracket of 30%. Thanks in advance
