Long term capitalgain tax
This query is : Resolved
10 June 2012
Is capital gain applicable on sale of property inherited from my father.K.VENKATTRAMAN mail id khelalam66@gamail.com
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.
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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