"Do the Right Thing...!!!"
128111 Points
Joined January 2015
Originally posted by : Sharath chandra |
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Raj sir, of tax is paid in such gift received... then ideally date of acquisition should be from the date of gift. please clarify |
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No Dear...
If received as gift then it's not calculated from date of gift (or gift deed).
The calculation required from date of previous valued (like donor's purchased date).
Means if the said property given as sale (not as gift) then property value calculated with acquisition. After this the value increased at the time of sale (so it's gifted and calculation required)