Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Property recd in gift

This query is : Resolved

Share Report Follow Query Ask a Query

Mohd Sarfaraz Latibani

Mohd Sarfaraz Latibani (Querist)
Follow

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

CA PARAS BAFNA (Expert)
Follow

13 November 2013 Cost to the previous owner will be considered for the purpose of indexation.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

13 November 2013 and yes you can claim indexation.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Ashish Nerlekar

Ashish Nerlekar

Pro Member sathiyaram

sathiyaram

Pro Member ashok jain

ashok jain

Pro Member RADHAKRISHNAN A R

RADHAKRISHNAN A R

Pro Member S N Unni

S N Unni

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

ARTICLESHIP 04 June 2026

Article

Rakhecha & Co.

New Delhi

CA Inter

View Details

16 May 2026

Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details

14 May 2026

Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details

ARTICLESHIP 28 May 2026

Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details

29 May 2026

Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details

14 May 2026

Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details

ARTICLESHIP 31 May 2026

Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details

26 May 2026

Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details