Capital gain
This query is : Resolved
21 May 2013
Father have a property in which son is the nominee. after death of father the property becomes to son.
Question:
1) what is the period of holding..
date will be caclulated from when.
2) what will be the cost of acquition in the hands of son as on today.
Please suggest and mention the section also.
Thanking You
Madan Mohan Mishra
Question:
1) what is the period of holding..
date will be caclulated from when.
2) what will be the cost of acquition in the hands of son as on today.
Please suggest and mention the section also.
Thanking You
Madan Mohan Mishra
21 May 2013
if the property received on succession, inheritance or devolution by the assessee
Cost of acquisition the cost which previous owner acquired.so you case cost is the cost of property which paid by your father( Sec.49)
Period of holding also will start from when the previous owner purchased date
Cost of acquisition the cost which previous owner acquired.so you case cost is the cost of property which paid by your father( Sec.49)
Period of holding also will start from when the previous owner purchased date
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- STCG FOR GOLD ETFs
- Long Term Service award taxability in hands of company
- Free lancer income
- REGARDING GST LIABILITY/....
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
