A and B are two brothers. A purchased a residential property in 1991 when B was minor. Consideration value 2 lac. In 2010 he transferred this property in the name of B through Danpatra. Now in 2024 B sold this property for Rs 40 lac. Now how to calculate the capital gain on this property. Plz guide..
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Capital gain on Property trf through DanPatra
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Consider the FMV of the property from circle rate as on 01.04.2001 as COA. Indexed it to value as on 2024. Excess will be LTCG.
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