Capital gains query

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sai manoj (Querist)
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12 April 2014 hi, my client has sold her residential property which was accquired by her from her father prior to financial year 1981.she has sold it for 23,00,000 of which cost of accquisation was rs 1,50,000. please suggest me the tax treatment of above situation.

Rupesh Jain

Rupesh Jain (Expert)
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12 April 2014 pls take previous owner cost as on 1.4.1981

and take indexation and compute the gain/loss.

if she buy new house with 2 years from the date of tfr. or build the house with three years then she save the capital gain tax .