I sale a property which is received from my father in inheritance
I sell that property in 80 lacs and amount received In saving account
how to show this in income tax
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 August 2021
LTCG will arise in your hands
Aniruddha Patra
(150 Points)
Replied 11 August 2021
LTCG will arise in your hand and indexation of cost of acquisition will be calculated from the previous owner when he was purchased.
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