Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is: Actual cost of acquisition to the assesses NIL Stamp duty value of the property as considered while computing income u/s 56(2) Actual cost of acquisition to the previous owner

Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is: Actual cost of acquisition to the assesses NIL Stamp duty value of the property as considered while computing income u/s 56(2) Actual cost of acquisition to the previous owner

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges

Section: Chapter Questions

Problem 4BCRQ

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Question

Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
Actual cost of acquisition to the assesses
NIL
Stamp duty value of the property as considered while computing income u/s 56(2)
Actual cost of acquisition to the previous owner

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