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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2012 A Purchased a property for Rs. 1 lac in year 2001-02. He gifted this to B in 2010-11. B sells it for Rs. 10 lacs in 2011-12.

How indexation will be calculated.
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Naveen Kumar

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Naveen Kumar (Expert)
12 January 2012 The Indexation benefit will available only upto the year of transfer (by the Mr.A) in the present scenario Yr.2010-11.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2012 Thanks for ur reply..
but can u please explain me the way of calculation..
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