Mirror Now
@mirrornow·2.2M subscribers·145K videos
FAQ: How to get the benefit of indexation? - Property Hotline
Posted
June 9, 2016
Views
53
June 9, 2016
53
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
2:33Now PlayingBe Un Confused
Expert: Pannkaj Ghadiali, Managing partner, PC Ghadiali & Company
Q: My father built a home in 1966. My mother is the current owner and I will inherit this home. If my mother gifts the house to me and I sell the property, will I get the benefit of indexation?
Answer: Presuming that the transfer from your father to your mother was by way of gift or inheritance, the cost to the new owner is the cost to the previous owner. Accordingly, the cost to your mother will be the cost to your father. Continuing the same sequence, the cost to you will be the cost to your mother when she gifts it to you. The date of acquisition also follows the same trend. Thus the date of your acquisition will be the date of acquisition by your father. Indexation will therefore be available from the date of acquisition. However, the Income tax department takes a view that the benefit of Indexation to you will be available from the date the property is transferred to you.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
