Question ID :
40728
Capital gain
A Father has transferred his residential cum commercial property to his son in 2005 when the collector rate was Rs 8 Lacs . Now son has sold this property in 2019-20 for Rs 9 Lacs
How capital gain will be calculated. Further as the son who is the coowner of a plot with his wife (this plot was purchased four years back) . Son has constructed house on this plot whuch is completed in 2019-20 Whether one half of this construction cost will be treated as investment in new house by son
posted by
Mahesh Kumar
on
Jul 20 2020 12:00AM