CAPITAL GAIN ON HOUSE RECEIVED VIA GIFT & SOLD SUBSEQUENTLY
This query is : Resolved
Quick Summary
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 ?
Dhirajlal Rambhia
(Expert)
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.
Dhirajlal Rambhia
(Expert)
14 September 2024
Good luck.
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