Property recd in gift
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
13 November 2013
I have received a property in Gift in 2005 and now I am selling it for Rs.20 Lakhs. I want to know Can I claim Indexation Method while Calculating LTCG and what value should I take as a Purchase cost?
CA PARAS BAFNA
(Expert)
13 November 2013
Cost to the previous owner will be considered for the purpose of indexation.
Nikhil Kaushik
(Expert)
13 November 2013
and yes you can claim indexation.
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