Computation of capital gains - the cost of inflation index ...

Inflation Index for Capital Gains: Use Year of Initial Acquisition by Previous Owner for Accurate Cost Calculation.

November 7, 2016

Case Laws Income Tax AT

Computation of capital gains - the cost of inflation index should be made applied with reference to the year in which the capital asset was first acquired by the previous owner. If only for the purpose of computing indexed cost of acquisition, the date of acquisition by the previous owner is excluded then it will lead to absurd result. - AT

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Computation of capital gains - the cost of inflation index ...

Inflation Index for Capital Gains: Use Year of Initial Acquisition by Previous Owner for Accurate Cost Calculation.

November 7, 2016

Case Laws Income Tax AT

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