In the case of an assessee covered under section 49(1) of the ...
Capital Gains u/s 49(1): Calculate Liability Using Previous Owner's Acquisition Date for Indexed Cost of Acquisition.
February 18, 2015
Case Laws Income Tax AT
In the case of an assessee covered under section 49(1) of the Act, the capital gains liability has to be computed by considering that the assessee held the said asset from the date it was held by the previous owner and the same analogy has also to be applied in determining the indexed cost of acquisition - AT
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