Sale of Inherited property
This query is : Resolved
VISHAL BANSAL
(Querist)
10 January 2020
Sir, I want to know about long term capital gain-
My father had purchased a property in 1986 and built a new house, which was completed in 1987. My father was expired in 2010 and my mother was expired in 2015. i had transferred the said property after death of my mother i.e. 2015. So how to calculate the value of capital gain, if i want to sell the said property in 2020.
My father had purchased a property in 1986 and built a new house, which was completed in 1987. My father was expired in 2010 and my mother was expired in 2015. i had transferred the said property after death of my mother i.e. 2015. So how to calculate the value of capital gain, if i want to sell the said property in 2020.
CA R SEETHARAMAN
(Expert)
10 January 2020
To calculate capital gains deduct indexed market value as on 1st April 2001.
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