Capital gain on property transferred by way of gift
This query is : Resolved
Chittibabu Andco
(Querist)
14 June 2016
Dear experts,
Help me what is capital gain on transfer of property from son to mother by way of gift. But his mother sold out property hence how to take cost of acquisition.
thank you
Help me what is capital gain on transfer of property from son to mother by way of gift. But his mother sold out property hence how to take cost of acquisition.
thank you
Rupesh Jain
(Expert)
14 June 2016
cost of equistion will be the cost of son if son also take the property in gift then last owner how pay the amount will consider and period will count from owner how make payment to buy this property and tax will pay accordingly.
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