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Long term capitalgain tax

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10 June 2012 Is capital gain applicable on sale of property inherited from my father.K.VENKATTRAMAN mail id khelalam66@gamail.com
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 June 2012 Capital gain will arise when you SELL the property.

For the purpose of computing capital gain, the cost shall be the cost for which the house was acquired by your father.

Further, for calculating the period of holding, the period for which the house was held by your father shall also be considered.
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