If any person sold his old residential house property , which he got ownership by virtue of will then that sale amount is taxable or not as per sale of house property rule under capital gains Assess see not purchased his residential property , he got it bu virtue of will.
25 June 2019
Sales consideration of property is consider for calculating capital gain but from same indexed cost of acquisition(i.e. cost of previous owner or FMV as on 01.04.2001 w.e. is higher to be consider) is deducted