Capital gain
This query is : Resolved
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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