Gifted property
This query is : Resolved
30 May 2012
A Person has received a property as a gift from family member , whether cost of Registration and Stamp Duty for title clearance should be added to the cost of acquisition? The property is not yet sold out.
30 May 2012
The cost of registration and stamp duty shall be treated as cost of improvement.
The cost of acquisition shall be the cost for which the property was acquired by the donor.
The cost of acquisition shall be the cost for which the property was acquired by the donor.
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