banner_ad

Capital gain in the year of inheritance

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 May 2015 HI

CAN ANYONE CONFIRM ME FOR SHOWING CAPITAL GAIN CACLULATION IN THE YEAR OF INHERITANCE, INCOME TAX RETRUN.

PLEASE CONFIRM FOR TAXABILITY BY CAPITAL GAIN TAX IN THE YEAR OF INHERITANCE ONLY NOT SOLD DURING THAT FINANCIAL YEAR.

REGARDS
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
12 May 2015 Inheritance is not a transfer so there is no capital gains in the year of inheritance.
.
Profile Image

CA Kanj Goel

Profile Image

CA Kanj Goel (Expert)
13 May 2015 Agree with paras you should read section 47 49 55 of income tax act to get clarification.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details