Computation of capital gain - property received under gift - ...
Calculating Capital Gains on Gifted Property: Use Previous Owner's Acquisition Cost and CII from Transfer Date per Sections 48 & 49.
July 17, 2013
Case Laws Income Tax HC
Computation of capital gain - property received under gift - Section 48, 49 - CII to be taken from the date of transfer while cost of acquisition would be the cost for which the previous owner of the property acquired it - HC
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