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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Indexed costs of acquisition - family arrangement - sibling of ...


Sibling Relinquishes Rights to Capital Asset: Calculate Indexed Acquisition Costs from Initial Ownership Year.

August 17, 2013

Case Laws     Income Tax     AT

Indexed costs of acquisition - family arrangement - sibling of the assessee relinquished their rights. - the indexed cost of acquisition of such capital asset has to be computed with reference to the year in which the previous owner first held the asset. - AT

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