Please Help: CAPITAL GAIN
Posted Date : 06-Nov-2014 , 11:53:31 am | Posted By MANOJ KUMAR JUNEJA
Two Brothers purchased some properties when they were under joint family. Some properties were registered in the name of one brother and some on second brother. Later on, they divided their properties under family settlement/arrangement. For capital gain, which will be the date of purchase AND what will be the cost ?
Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 208
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Sapan Dalal
10-Nov-2014 , 08:56:50 pmReceived on partition..so no transfer as per section 47...bt if they transfer it..then capital gain arise ...period of holding previos owner n cost of acquisition also previos owner...correct me if i m wrong...