What is tax implications on house property inherited from mother who bought it in 1950 and now sold by us in Feb 2021? We inherited it in 2018.
What indexation is applicable?
varun sareen (officer) (27 Points)
25 February 2021What is tax implications on house property inherited from mother who bought it in 1950 and now sold by us in Feb 2021? We inherited it in 2018.
What indexation is applicable?
Prajakta
(Student CA IPC / IPCC)
(89 Points)
Replied 25 February 2021
Kapadia Pravin
(17264 Points)
Replied 25 February 2021
shiva sai
(student)
(76 Points)
Replied 25 February 2021
varun sareen
(officer)
(27 Points)
Replied 28 February 2021
Please also let me know Formula to apply indexation . What is index value of 2001 and 2021 applicable ?