{"id":25527,"date":"2022-03-13T12:47:55","date_gmt":"2022-03-13T07:17:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=25527"},"modified":"2022-03-25T16:09:09","modified_gmt":"2022-03-25T10:39:09","slug":"indexation-benefit_capital-gain","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/indexation-benefit_capital-gain\/","title":{"rendered":"INDEXATION BENEFIT_CAPITAL GAIN"},"content":{"rendered":"<p>Tenanted Flat in the name of Grand Father<br \/>\nCost of Acquisition: Not Known<br \/>\nGrand Father Expired in the Year 1972<br \/>\nPermanent Alternate Accommodation Agreement (PAAA) Between My Father (Only Legal Heir) and Land Owner cum Developer registered on 26.12.2013<br \/>\nValue of the flat as per Stamp duty Authority as on 26.12.2013\u00a0 was Rs. 12.86 Lakhs<br \/>\n<strong>Condition in PAAA: Tenancy Will Surrender only on receipt of possession New flat on Ownership Basis<\/strong><br \/>\nMy Father Expired on : 07.01.2018<br \/>\nFull OC received on\u00a0 : 25.03.2021<br \/>\nPossession of new flat on ownership basis handed over to Legal Heirs on 26.05.2021<br \/>\nNew flat sold\u00a0 on 12.08.2021<\/p>\n<p>Query:<\/p>\n<ol>\n<li>Nature of Capital Gain&#8230;Whether it is short term or Long considering in the hands of Legal Heirs.<\/li>\n<li>Any benefit of Indexation available<\/li>\n<\/ol>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[24,130,437,537],"class_list":["post-25527","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-capital-gains","qa_tag-cost-of-acquisition","qa_tag-indexation","qa_tag-tenancy-rights"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/25527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25527"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25527"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=25527"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=25527"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=25527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}