Capital gain

This query is : Resolved 

16 July 2010 Whether indexation can be done from theprevious owner in case of assets acquired under exempted transfer.

16 July 2010 Benefit of indexation is not permitted. If there is exempt transfer then only cost of aquisition will be the cost of asset. Indexation will be done from the year of that transfer.

16 July 2010 In case asset acquired from exempted transfer you cannot claim indexation.

Agreed with the expert.


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