Sell of ancestral property
This query is : Resolved
Krishna Joshi
(Querist)
06 June 2019
If an assesses sold a ancestral property and the gain arise from is distributed among the inherited , in that case is gain from sale of land is taxable or not.
and cost of indexation is required or not if yes, then how to calculate it.
and cost of indexation is required or not if yes, then how to calculate it.
Amol S Joglekar
(Expert)
06 June 2019
gain is taxable.
you can replace the cost of the property as on 01/04/2001
you can replace the cost of the property as on 01/04/2001
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