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CAPITAL GAIN QUERY
if a person gets property from his father, at the time of sale, will such property be indexed as per year of transfer to son or, year of acquisition from father
Replies (4)
Inedxation will be available from the date of acquisition by father
correct answer by @ ankit for more read case law CIT VS. Manjula J. shah (Bombay High court)
Yes, agree with Mr. Yogesh.
Some Debt MF Long Term Capital Gain has arised after 3 years. Which section of ITR2 should we enter the gains in Schedule CG so that we get 20% tax on indexation?
1) Which Line I should enter the sale proceed amount of my MF Debt fund? Total credit amount of unit redemption?
2) Where should I enter Cost of acquisition with indexation? Which section and which line?
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