Capital gain relinquishment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2013
Hello respected members,
what will be the capital gain calculation if "A" make relinquishment deed in favor of his brother "B" in consideration (ancestral property). What will be the date of Index cost of acquisition? whether the date of when his father purchased property or when the father died?
what will be the capital gain calculation if "A" make relinquishment deed in favor of his brother "B" in consideration (ancestral property). What will be the date of Index cost of acquisition? whether the date of when his father purchased property or when the father died?
CA PARAS BAFNA
(Expert)
11 February 2013
Previous owner's holding period will be taken -and that will be taken from the date when the deceased father had purchased the property.
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