Accounting of ancestral property

plz any one help me out, how can we account ancestral property which is gifted from our father.
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Quick Summary
This discussion addresses how to account for ancestral property received as a gift from a father. The recommended approach is to credit the individual's capital account with their percentage share of the land. The cost of acquisition (COA) should remain the same as that paid by the original owner.

Credit capital account  with the percentage share of individual in the land.

COA remains same as that paid by original owner.

Thank you sir

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