Capital gain
This query is : Resolved
Guest
Guest
(Querist)
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
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.
.
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.
.
30 October 2012
I agree with Mr. Paras.
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