Capital gains
This query is : Resolved
22 October 2011
If Cost of Improvement is done in case of 49(1) before acquiring the Capital Asset from the transfer-or , whether we can claim it as a deduction while computing capital gain?
22 October 2011
Yes, he can claim deduction of cost of improvement of previous owner provided it is incurred on and after 1/4/1981.
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23 October 2011
And is sec 10(38) applicable to buyback of shares u/s 46(A)?
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