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Question ID : 38022

Capital Gain

Dear Sir, One of our assessee father has expired and the property has devolved on the assessee on 15/05/2016. The Property was purchased by his father in year 1989. Sir, I want to know the period of holding for indexation will be taxed from 2001 or F/y 2016-17.

Posted by VIPIN GUPTA on Mar 07, 2019

Filed Under Capital Gains

Answer ID : 76347

From 2001.

Posted by CA. JHA SHANKAR KUMAR on Mar 07, 2019
Answer ID : 76358

period of holding will be calculated from 2001

Posted by CA. SATISH CHAND GARG on Mar 07, 2019
Answer ID : 76396

The Indexation for fy 1989 will be used

Posted by CA. BISHT RAKESH on Mar 20, 2019