Cost of acquisition for calculation of capital gain tax
This query is : Resolved
29 April 2015
Dear Sir,
Please note that for calculation of capital gain tax what will be the cost of acquisition in case of property acquired by Father of a Grandfather,though here all are dead.Now their desendents want to sale their property(House Building).Which cost to be taken, cost to the immediate previous owner or before the previous owner who actually built the house and latter it was renovated by the desendents. Please reply.
Please note that for calculation of capital gain tax what will be the cost of acquisition in case of property acquired by Father of a Grandfather,though here all are dead.Now their desendents want to sale their property(House Building).Which cost to be taken, cost to the immediate previous owner or before the previous owner who actually built the house and latter it was renovated by the desendents. Please reply.
29 April 2015
BY VIRTUE OF 49 COST WILL BE TKEN AS COA TO THAT PREVIOUS OWNER WHO ACTUALLY ACQUIRED THE PROPERTY.
CA MANOJ GUPTA
09828510543
CA MANOJ GUPTA
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
