capital gain
what should be the cost of acquisiton
500000 or 518000????//
plz rply
Apply the indexation for Rs.500000 based on the year of acquisition.
Apply the indexation for Rs.18000 based on the year of transfer.
Add both the values you will get indexed cost.
this is the whole question
less transfer exp =nil
index cost of acquisition =[518000x582]\497
or [500000x582]\497
But indexation will be taken of the year of acqusition i.e 1982-83 and not 2005-06.
provision is= [cost of acquisition of pr owner X cii for year of transfer]\cii of the yr for which the assesse fst held the asset
so as per this provision
[518000 X 582]\497
?????/
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