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Capital gain

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08 November 2015 Dear sir, asset purchased during 1994-95 rs.10 000 . and 1st improvement made on 1.4.2013 for rs.50 000. The entire assets sold during the py.2014-15 for rs.500000. is this LTCG or STCG. how to treat this improvement. Pls suggest me

09 November 2015 As the assets is purchased in 1994-95, it is a long term hence LTCG. Further cost of improvement will also be indexed for one year

10 November 2015 It is Long term Capital Gains






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