Capital gain on inhrited property
This query is : Resolved
14 September 2016
My Client has received a Property in 1987 after Death of his Father, His Share was 1/7th, Now he is developimg his Part in Small Plot and Gradually Sell the Plot, Whether he is liable for Capital Gain
14 September 2016
Yes liable at the time of selling it after indexation. Cost of improvement can be deducted
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