Dear sir/madam
one of my clients Father died on
January 2018, later his son's sold the property on 02/01/2020, while calculating the CAPITAL gain
1.whether we have to take INDEXATION From the period of holding of asset by the previous owner.
2.Father acquired Land in FY 1978
3.Now my doubt is , whether we have to take indexation from 2001 or 2018-19 (year of death of Assesses father)
Thank you
3 Replies
Kiran Hathalia
(837 Points)
Replied 26 May 2020
Yes, in case of inheritance the indexation benefit shall be taken from the year in which the property is held by the previous owner. In your case it shall be 2001.
JP SHARMA
(Employee)
(33 Points)
Replied 27 May 2020
You have to take FMV as on 01.04.2001 and indexation also from F.Y 2001-02
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
