Indexation

Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)   (1372 Points)

23 September 2012  

IF A PROPERTY IS INHERITED BY AN ASSESSEE ON 2005 FROM HIS FATHER WHERE IT IS PURCHASED BEFORE 1981 DOES THE INDEXATION SHALL BE CALCULATED ON F.M.V ON 1981 OR COST TO THE PREVIOUS OWNER ?(i.e from his father)