http://taxguru.in/income-tax-case-laws/indexed-cost-of-gifted-assets-has-to-be-determined-with-reference-to-previous-owner.html Complete Tax Solution Sat, 26 May 2012 16:16:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://taxguru.in/income-tax-case-laws/indexed-cost-of-gifted-assets-has-to-be-determined-with-reference-to-previous-owner.html#comment-66477 ANAND P KHURANIA Fri, 25 Jun 2010 12:47:25 +0000 http://www.taxguru.in/?p=14221#comment-66477 Pls. send me complete case details of the apeal no 7315/mum/2007 and such new cases of capital gain- index cost- index year sec 48 Pls. send me complete case details of the apeal no 7315/mum/2007 and such new cases
of capital gain- index cost- index year sec 48

]]> http://taxguru.in/income-tax-case-laws/indexed-cost-of-gifted-assets-has-to-be-determined-with-reference-to-previous-owner.html#comment-10976 Ravindra Patil Sat, 23 Jan 2010 13:17:08 +0000 http://www.taxguru.in/?p=14221#comment-10976 Please consider the following example. A aqured an asset in FY 1990-91 for 1 lac. Then after 10 years (in FY 2000-01) a giftd it to B. Then in FY 2010-11 B sold the asset for 10 lacs. What will be the tax liability of B? Please consider the following example.
A aqured an asset in FY 1990-91 for 1 lac. Then after 10 years (in FY 2000-01) a giftd it to B.
Then in FY 2010-11 B sold the asset for 10 lacs. What will be the tax liability of B?

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