My siblings and I sold our ancestral property recently. Assuming my share was X, I recently bought a flat and the cost is about 65% more than X.What would be my tax implication? Thanks

At the very least, feedback and views can be sought from stakeholders and analysts during pre-Budget consultations when such major changes are being considered

Assuming that the shares are in the nature of ESOPs, they shall be taxed at two stages, once as perquisites in the hands of employees upon allotment and subsequently as capital gains upon sale of the shares.

Once tax liability is calculated, you may claim a deduction of TDS/ taxes paid on such rental income, to arrive at net tax demand due.