CAPITAL GAIN ON HOUSE RECEIVED VIA GIFT & SOLD SUBSEQUENTLY
This query is : Resolved
22 July 2023
The assessee (Son) receives a house Via Gift Deed from mother( Inherited by mother from her husband in 2003 after his death) & sells the same after a gap of one week in 2023 July.
Will the assessee receive benefit of Indexation in this case ? and what will be his acquisition cost & holding perod ?
Will the assessee receive benefit of Indexation in this case ? and what will be his acquisition cost & holding perod ?
22 July 2023
Yes.
COA as purchased by father or FMV as on 01.04.2001, whichever higher.
Holding period from the purchase date of father.
COA as purchased by father or FMV as on 01.04.2001, whichever higher.
Holding period from the purchase date of father.
14 September 2024
Good luck.
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....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- REGARDING GST LIABILITY/....
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
