No.Where the asset has either been inherited by you through will or gifted to you, the cost of acquisition shall be the cost at which the previous owner acquired such an asset. Cost of acquisition should be increased by any cost of improvement incurred or borne either by you or the previous owner.
Gifted asset, Inherited asset, Tax on assets under Gift Explained cost of acquisition shall be taken as NIL if the asset is gifted/ inherited asset.
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