Query on Capital Gain

Arpit Sharma (CA Final & CWA Final Student)   (231 Points)

29 March 2010  

 

Dear All

Please clarify in case, where the gifted asset is transferred than from when the indexation is done. That is from the date of acquisition of previous owner or from the date of gift to the current owner. (as per provision applicable for May 2010 exam of ICAI)


please go through the link before replying to the query


https://itatonline.org/archives/index.php/dcit-vs-manjula-shah-itat-mumbai-special-bench-indexed-cost-of-gifted-assets-has-to-be-determined-with-reference-to-previous-owner

 

Thanks in Advance

Arpit Sharma