Cost in case of Inheritance
This query is : Resolved
28 October 2007
An assessee receive land through will from his husband in the year 2003. The husband had purchased land in the year 1988. Whether the cost of indexation will be done from the F Y 1987-1988 or from the year 2002-2003 i.e. the year in which she has received the land through will. What would have been case in case the husband had purchased the land in the year 1979.
Late CA Sampat Jain
(Expert)
28 October 2007
in case of inhertance , the cost and date of acquisition by the original buyer is relevnt
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