TMI BlogIndexed cost of acquisitionX X X X Extracts X X X X X X X X Extracts X X X X ..... isition means- an amount which bears to the cost of acquisition the same proportion as Cost Inflation Index for the year in which the asset is transferred bears to the Cost Inflation Index for the fir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsfer of a capital asset acquired by the assessee under a gift, the indexed cost of acquisition has to be computed with reference to the year in which the previous owner first held the asset and not t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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