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CAPITAL GAIN WORKING

Rajnikaant Gandhi (23 Points)

05 November 2020

How to Calculate Capital Gains on transfer through a Release Deed inherited ancestral property being urban land with consideration ?

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ayusmita (Tax consultant) (5885 Points)
Replied 05 November 2020

The year of inheritance has no importance in the calculation of long term capital gain he can add the cost incurred with respect to procedure associated with the will and inheritance obtaining succession certificate costs of executor, property valuer etc while computing the cost of acquisition.

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Rajnikaant Gandhi (23 Points)
Replied 07 November 2020

Thanks, but couldn't get clarity on my query.
It still remains unsolved.

ayusmita (Tax consultant) (5885 Points)
Replied 07 November 2020

What can you clearly say

Rajnikaant Gandhi (23 Points)
Replied 08 November 2020

Through a Release Deed inherited ancestral property being urban land with consideration ?

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