29 April 2015
Dear Sir, Please note that for calculation of capital gain tax what will be the cost of acquisition in case of property acquired by Father of a Grandfather,though here all are dead.Now their desendents want to sale their property(House Building).Which cost to be taken, cost to the immediate previous owner or before the previous owner who actually built the house and latter it was renovated by the desendents. Please reply.
CAclubindia
