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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Long-term Capital gains – determination of date of acquisition – ...


Inherited Property Gains: Use Previous Owner's Acquisition Date for Indexation Benefits on Capital Gains Tax from Pre-1981 Acquisitions.

February 18, 2012

Case Laws     Income Tax     AT

Long-term Capital gains – determination of date of acquisition – property acquired through inheritance - acquired by previous owner prior to 1-4-1981- benefit of indexation shall be available from the year when previous owner first acquired it.

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