Date of indexation in case of will property sold
This query is : Resolved
02 August 2019
Sir
In case of Property inherited thru WILL, Period of holding of original owner ( Who acquired it himself before his death ) and its cost is to be considered for computation of capital gain. But what should be date from which indexation in hands of assessee is to be applicable when original owner acquired asset prior to April 2003 and father expired in May 2014. Son sold property in 2017. Can he claim indexation w.e.f 2003
Pls guide.
In case of Property inherited thru WILL, Period of holding of original owner ( Who acquired it himself before his death ) and its cost is to be considered for computation of capital gain. But what should be date from which indexation in hands of assessee is to be applicable when original owner acquired asset prior to April 2003 and father expired in May 2014. Son sold property in 2017. Can he claim indexation w.e.f 2003
Pls guide.
CA R SEETHARAMAN
(Expert)
02 August 2019
Yes he can claim indexation w.e.f 2003
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