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..
Menu
Capital gain on Property trf through DanPatra
Replies (1)
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.
Recent Threads
- Can an Software Engineer be termed as a workman an
- PF withdrawal in IT
- Resolution of Potential Double Taxation on NSC Int
- LTCG reporting in ITR2
- Pls advice to sell and we can make invoice to susp
- Most reliable solution to export offline OST to PS
- Sale of Mutual fund by NRI
- Why Should Businesses Prioritize SEO?
- Pagdi Room Deposit can be taken as Initial Payment
- Capital gain on Property trf through DanPatra
Related Threads
CAclubindia
