banner_ad

Capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2014 If a father is giving a house property to his married daughter who is NRI as a gift. Then what would be consequences in Income Tax Act when the daughter will sell out that property...Cost of acquisition in the hand of daughter would be NIL or cost to the previous owner?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
22 August 2014 Actual cost of the previous owner. Please see section 49(1)(ii) of the Income tax Act,1961.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
22 August 2014 cost of the previous owner will take .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details