14 February 2019
1) MR.C THIS PROPERTY PURCHASES AS FOR THE YEAR MAR 1990 FROM HOUSING BOARD AND HOUSING LOAN TAKEN. 2) THE LOAN CLOSED AS ON 2001. 3) MR.C DEATH BEFORE WRITE ANY NOT WILL 4. MR A & B HOLD AFTER THE DEAT OF MR C. 30.06.2018 5)HOW CALCULATED PERIOD OF CAPITAL GAIN? THANKS
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14 February 2019
Capital gains arises only when A or B sell the property. In case of sale capital gains to be calculated considering market value as on 1st April 2001 with indexation up to the date of sale.