Capital gain in case of gift

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This query is : Resolved

kiran prakashbhai gavale (Querist)
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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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

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