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Q. > Please Help: CAPITAL GAIN
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280 views • Question added Nov 06, 2014 • Income Tax • By MANOJ KUMAR JUNEJA , CA , Ludhiana


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 ?

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Sapan Dalal

10-Nov-2014 , 08:56:50 pm

Received 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...

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