Capital gains for inherited property

Querist : Anonymous (Querist) 29 March 2021 This query is : Resolved
I inherited land in 1998 from my parents (after their death) which was inherited by my father from his father(my Grand father). My grand father was the first Diglot Pattadar from the then Government.Now I want to sell the property. This land is declared by Government as Agricultural Land suitable for House sites. In my understanding I can not claim this as non capital asset. If I have to compute the CG how do I get the cost of acquisition.

Thank you

Follow Query

Report Abuse

Sankaranarayanan (Expert) 01 April 2021
Show your property details with local Charted accountant and tax lawyer and ascertain the reality and act accordingly

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Ask Query
Unanswered Queries

Hihly recommended
Guest ran away without paying the bill
Permanent address of my father and mine can be different?
Property issue
41 a crpc notice not served, chargesheet submitted in 498a
Nominee, real heir of the money in bank acc and fds?
My birth place state and state i belong can be different?
My birth place state and state i belong can be different?
498a false witness
Transfer and selling of property

Lawyer sending unauthorized notice
Vat penalty
Cancellation of bail
Filing a divorce petition
Pay protection to ex-servicemen in cooperative banks
Need clarification on notice period clause
174 mv act
Dismissal of criminal complaint
Leave & licence agreement
498a & 494 case

Capital gains for inherited property

Download LCI APP

Our Network Sites