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Income Tax - Highlights / Catch Notes

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LTCG - Benefit of indexation - beneficial owner - the cost ...


Court Rules: Use Previous Owner's Cost for Calculating Long-Term Capital Gains; Indexation from April 1, 1981 Applies.

May 3, 2016

Case Laws     Income Tax     AT

LTCG - Benefit of indexation - beneficial owner - the cost incurred by the previous owner shall be adopted while computing capital gains in the hands of the assessee - benefit of indexation should accordingly be provided with effect from April 1, 1981 - AT

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