Capital gain
if x transfer a house to y as a gift.... and y sold to z.... then what will be cost of aquisition in case of capital gain
Replies (1)
Is y a relative as per the definition of the act of X. if not even the 1st transaction is taxable.
Then when y sold to z the stamp duty value of when x transferred to y will be the COA. if Fmv more than stamp duty value then fmv will be coa.
Thanks
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