Capital gain in case of gift
This query is : Resolved
02 December 2011
in case of capital asset transfered by way of gift,cost of acquisition to previous owner should be indexed if on sale executed period is not exxeding 36 months from gift on receipt of first imstallment.
on the other hand other two installments received later for wich period from gift received to receipt of remaining transfer money exceeding 36 months
on the other hand other two installments received later for wich period from gift received to receipt of remaining transfer money exceeding 36 months
25 May 2012
For computing period of holding, the period of holding of the previous year is also considered.
The period is NOT considered from the date of receipt of gift.
The period is considered from the date the asset was acquired by the previous owner.
The period is NOT considered from the date of receipt of gift.
The period is considered from the date the asset was acquired by the previous owner.
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