Sale of gifted property
dhruvsakria1699@gmail.com (2 Points)
09 January 2024dhruvsakria1699@gmail.com (2 Points)
09 January 2024
Sharath chandra
(Accountant)
(1227 Points)
Replied 10 January 2024
sabyasachi mukherjee
(27579 Points)
Replied 10 January 2024
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 12 January 2024
Sharath chandra
(Accountant)
(1227 Points)
Replied 13 January 2024
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 13 January 2024
In case of property received as gift, the period of holding is reckoned from the date of its purchase by the acquirer, other than by way of gift. If the property has been originally acquired by non-relative, the period of holding will be reckoned from such purchase date.
sabyasachi mukherjee
(27579 Points)
Replied 17 January 2024
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 January 2024
Originally posted by : Sharath chandra | ||
Raj sir, of tax is paid in such gift received... then ideally date of acquisition should be from the date of gift. please clarify |
No Dear...
If received as gift then it's not calculated from date of gift (or gift deed).
The calculation required from date of previous valued (like donor's purchased date).
Means if the said property given as sale (not as gift) then property value calculated with acquisition. After this the value increased at the time of sale (so it's gifted and calculation required)