Q.

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» C. Stamp duty value of the property as considered while computing income u/s 56(2)
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