TMI BlogCapital Gains Classification: Date of Acquisition Determines Long-Term or Short-Term Status for Tax Indexation Benefits.LTCG or STCG - cost of land to the previous owner - Benefit of indexation - Assessing Officer has rightly taken 2-11-2004 as the date of acquisition of absolute ownership of the property ... - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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