Gift tax

This query is : Resolved

Mohit Manocha (Querist)
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18 May 2016 DEAR SIR / MAM,

I HAVE A QUERY ABOUT CAPITAL GAIN TAX. I RECEIVED PROPERTY AFTER DEATH OF MY FARTHER WITHOUT ANY WILL. WHAT IS THE TAX LIABILITY FOR ME. PLEASE GIVE ME INSTRUCTION

CA Mithil Munot

CA Mithil Munot (Expert)
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18 May 2016 Tax liability can only be calculated after Sale Price and Cost of Acquisition

Regards
CA MITHIL MUNOT
Contact:- camithilmunot@gmail.com

Mohit Manocha

Mohit Manocha (Querist)
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18 May 2016 sir,
calculation cost of acquisition is property receiving date or date of property purchased by farther

CA Mithil Munot

CA Mithil Munot (Expert)
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18 May 2016 Date of property purchased by father if propoerty purchased if before 1st April 1981 than cost as on the 1st April 1981 is taken.

Regards CA MITHIL MUNOT
Contact:- camithilmunot@gmail.com

Mohit Manocha

Mohit Manocha (Querist)
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18 May 2016 thanks a lot sir