Capital Gain - Urgent
This query is : Resolved
08 November 2010
One of my client is having joint ancestral land, it was given for development of flats, he got 2 flats as his share, if he wants to sell this flats how will the capital gain calculated? urgent
Thanks in advance sir
Thanks in advance sir
08 November 2010
There will be capital gain on sale value of the two flats minus the cost of the acquisition by the ancestors or the value of the assets as at 01.04.1981.
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