how we will compute tax on sale of Parental House received under will? If Any, and what will be its cost of acquisition?
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Tax on sale of parental house
Replies (2)
dear amit,
as per income tax act the cost of accuisition for you will be cost to the previous owner who actually purchased the house for consideration subject to indexation.
cheers
ganesh agarwala
what if u dont know the cos of that house and also u dont have any evidence.
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