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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Capital gain – inheritance – the indexed cost of acquisition has ...


Calculate Capital Gains on Inherited Assets Using Original Owner's Acquisition Year for Indexed Cost.

September 21, 2012

Case Laws     Income Tax     AT

Capital gain – inheritance – 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 the year in which the assessee became the owner of the asset - AT

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