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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. - Tri

Income Tax - 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 f .....

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