Itr
rajeev (nnnone) (224 Points)
01 June 2014rajeev (nnnone) (224 Points)
01 June 2014
Rohit Tulshyan
(RTProfessionals)
(333 Points)
Replied 01 June 2014
Cost to previous owner. i.e. 1990 one. Also, Seeif its for property or indexation for improvement because in case of indexation for improvemt, its from the date assessee hold the property and not from date of acquision by previous owner.
Still wait for expert opinion. I am just a beginner.
Mihir
(Wealth Manager)
(5293 Points)
Replied 02 June 2014
If the property is gifted, the year of acquisition of the previous owner will be taken.