Indexation when property is settled through irrecovable deed

This query is : Resolved 

20 October 2014 A property has been actually bought by a person in 1980. He transferred to his son in 2012 by an irrevocable deed of settlement. The property is being sold in 2014 by the son. from when can the son enjoy indexation benefit from 1980 (or) 2012 ?

20 October 2014 From 1981 since it is d base year.. cii for 1981 is 100 and for 13-14 it is 939

20 October 2014 Thank You Sir. Can i get any section reference for this answer.It will be useful for me



20 October 2014 Thank You Sir. Can i get any section reference for this answer.It will be useful for me


20 October 2014 refer http://taxguru.in/income-tax-case-laws/case-gifted-assets-index-year-acquired-previous-owner.html

23 October 2014 Check sec.2 period of holding for a capital asset



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