Cost of acquisition of capital asset being immovable property acquired – McqOptions

MCQOPTIONS

1.	Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
A.	Actual cost of acquisition to the previous owner
B.	Nil
C.	Stamp duty value of the property as considered while computing income u/s 56(2)
D.	Actual cost of acquisition to the assessee.
Answer» D. Actual cost of acquisition to the assessee.

Discussion

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