27 October 2012
ONE LAND RECIEVED BY DONATION FROM HIS BROTHER (RS 29000.00) ON DATED 24.1.2012 NOW I AM SALE OF THIS LAND HOW TO COMPUTE CAPITAL GAIN SANJEEV AGARWAL UTTARAKHAND
28 October 2012
Cost of Previous owner and period of holding by the (previous owner+Current Owner) will be taken into account for computing the indexed cost/cost of acquisition of the capital asset. . You have mentioned the cost as 29000/-. Had the Asset been purchased before more than 3 years from the date , when you sale, indexation benefit will be available. By indexation your cost will be shown at a higher level thereby reducing the amount of capital gains. .
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