MY FATHER CONSTRUCTED A HOUSE AND TOOK COMPLETION FROM DEVELOPMENT AUTHORITY IN THE YEAR 1974.
I GOT THE ABOVE PROPERTY THROUGH WILL IN THE YEAR 2009. NOW IN THE YEAR 2010 I WANT TO SELL THE HOUSE. THE GAIN WILL BE TREATED AS LONG TERM OR SHORT TERM.
11 July 2010
LTCG WILL ARISE I AGREE WITH WARRIER JI THAT INDEXATION YEAR 2009 WILL BE TAKEN AS BASE BUT IN PUSHPA SOFAT CASE IT HAS BEEN DECIDED THAT ASSESSEE CAN TAKE YEAR OF AQUISITION OF PREVIOUS OWNER IS ALSO AS DENOMINATOR
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