Query on Capital Gain

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