Gift tax
This query is : Resolved
Mohit Manocha
(Querist)
18 May 2016
DEAR SIR / MAM,
I HAVE A QUERY ABOUT CAPITAL GAIN TAX. I RECEIVED PROPERTY AFTER DEATH OF MY FARTHER WITHOUT ANY WILL. WHAT IS THE TAX LIABILITY FOR ME. PLEASE GIVE ME INSTRUCTION
I HAVE A QUERY ABOUT CAPITAL GAIN TAX. I RECEIVED PROPERTY AFTER DEATH OF MY FARTHER WITHOUT ANY WILL. WHAT IS THE TAX LIABILITY FOR ME. PLEASE GIVE ME INSTRUCTION
CA Mithil Munot
(Expert)
18 May 2016
Tax liability can only be calculated after Sale Price and Cost of Acquisition
Regards
CA MITHIL MUNOT
Contact:- camithilmunot@gmail.com
Regards
CA MITHIL MUNOT
Contact:- camithilmunot@gmail.com
Mohit Manocha
(Querist)
18 May 2016
sir,
calculation cost of acquisition is property receiving date or date of property purchased by farther
calculation cost of acquisition is property receiving date or date of property purchased by farther
CA Mithil Munot
(Expert)
18 May 2016
Date of property purchased by father if propoerty purchased if before 1st April 1981 than cost as on the 1st April 1981 is taken.
Regards CA MITHIL MUNOT
Contact:- camithilmunot@gmail.com
Regards CA MITHIL MUNOT
Contact:- camithilmunot@gmail.com
Mohit Manocha
(Querist)
18 May 2016
thanks a lot sir
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