Long term captal gain in case of property aquiered by will
This query is : Resolved
13 September 2012
Let understand the case by point to point
1. Mr A and his mother get a property via will from Mrs. B in 1983-84 Will created in 1972-73 but Mrs B expired in 1983-84.
2. Mr A's mother expired in 1992-93
3. Mr A 's Father created a will and family adjustment and the property distributed to Mr A Mr B and Mr C in 2003-04
4. Mr. B and Mr. C relinquished there right in 2008-09 and whole property comes to Mr. A
5. Mr A sale the sail property in 2011-12
Please let me know the cost of previous owner and the indexation point?
1. Mr A and his mother get a property via will from Mrs. B in 1983-84 Will created in 1972-73 but Mrs B expired in 1983-84.
2. Mr A's mother expired in 1992-93
3. Mr A 's Father created a will and family adjustment and the property distributed to Mr A Mr B and Mr C in 2003-04
4. Mr. B and Mr. C relinquished there right in 2008-09 and whole property comes to Mr. A
5. Mr A sale the sail property in 2011-12
Please let me know the cost of previous owner and the indexation point?
14 September 2012
The cost at which mrs. B acquired the asset
14 September 2012
Cot of Mrs. B
Indexation : The year in which A acquires the property i.e. 1983-84. and for the part of b & c share 2008-09
Indexation : The year in which A acquires the property i.e. 1983-84. and for the part of b & c share 2008-09
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