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Income Tax - Highlights / Catch Notes

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LTCG - Benefit of Indexation - period of holding u/s 49(1) - ...

Case Laws     Income Tax

May 9, 2016

LTCG - Benefit of Indexation - period of holding u/s 49(1) - when the assessee sells his immovable property which is acquired under gift or will, while computing the capital gain the index cost of acquisition has to be computed with reference to the year in which previous owner first held the asset and not the year in which the assessee became the owner of the asset - AT

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