sunil barad (student) 22 January 2021
Dear sir,
person sold property registered in name of his father(M) and received consideration of Rs. 1500000.
Rs 1500000 has been credited in account of 3 son (A, B, C) in EQUAL Ratio ₹500000.
How to compute capital gain
Note - Father- died
Property has been not transferred on any one by their father
Sourav (Student) 22 January 2021
Individual share should be calculated on the basis of sales consideration as the son's are the legal heirs by calculating the purchase value of the property or the fair market value of the property by indexation
Kapadia Pravin 22 January 2021
The shares of sons are determinate and hence it will be one third to each. cost of acquisition will be as that of his father.
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