03 October 2017
My daughter is a student. She is selling her gifted property after 7 years. What's her tax liability. I bought it for 11 lakhs in 2005. Gifted to her in 2010. Selling this month for 22.5 lakh.
03 October 2017
In Capital gains on transfer of gifted property, cost of acquistion will be cost to the previous owner i.e you. Indexation benefit can be claimed.
CAclubindia
