Question

Mr. Rahul Sharma purchased a flat (residential house property) in Ghaziabad, India on
01.07.2002 for Rs. 12,00,000. During June 2010, he gifted the property to his nephew Mr.
Ratan Grover. However, Ratan passes away in August 2016 and the property is transferred
through his will in the name of his son Mr. Sanchit Grover. Mr. Sanchit incurred Rs. 2,20,000
during October 2016 and Rs. 1,80,000 during December 2017 on the improvement of this​

Answer 1

Answer:

01.07.2002 for Rs. 12,00,000. During June 2010, he gifted the property to his nephew Mr.

Ratan Grover. However, Ratan passes away in August 2016 and the property is transferred

through his will in the name of his son Mr. Sanchit Grover.

Mr. Sanchit incurred Rs. 2,20,000