Cost of Acquisition, Income Tax

[Vikas Malhotra]

Dear All,

I have a query regading cost of acquisition for Capital gain. According to will, a man had tranfer his house to her wife but she cannot sell the property. After the death of wife the property can be sold by 2 brothers. If the house is sold by sons then 1/7th of the sale proceed will be given to her daughter.

 

Is this be included as cost of acquistion in the hand of sons...

Posts / Replies

[GOPALJI AGRAWAL]

No not at all as it is just the direction in the will for sharing the propery or the benefits derived from the property.