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Mode of computation Capital Gains u/s 48 - Indexed Cost - Cost Inflation Index - reference of 1st day of April 1981 to be replaced with the 1st day of April 2001 - Budget 2017-18 w.e.f. AY 2018-19

Mode of computation Capital Gains u/s 48 - Indexed Cost - Cost Inflation Index - reference of 1st day of April, 1981 to be replaced with the 1st day of April, 2001 - Budget 2017-18 w.e.f. AY 2018-19 - Dated:- 3-2-2017 - Clause - 024 - Amendment of section 48. THE FINANCE BILL, 2017 Clause 24 of the Bill seeks to amend section 48 of the Income-tax Act relating to mode of computation. Under the existing provisions of the said section, indexed cost of acquisition is defined to be an amount which be .....

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