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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Computation of capital gains - the cost of inflation index ...

Income Tax

November 7, 2016

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. - AT

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