Index cost of acquisition
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2014
If i made payment against purchases of any property in few installments which will be pay in next say 4 years ,then whether inflation index applies for that year payment separately or on the basic purchase cost as per agreement directly.
F.Y 04-05 purchase cost 100000/- (agreed cost)
Payt made F.Y 05-06-50000/-
F Y 06-07 50000/-
Then what will be the appropriate treatment
1)Directly 100000*sale year index/pur ye
index or
2) 50000*SYI*05-06 pur index
50000*SYI*06-07 pur index separately
F.Y 04-05 purchase cost 100000/- (agreed cost)
Payt made F.Y 05-06-50000/-
F Y 06-07 50000/-
Then what will be the appropriate treatment
1)Directly 100000*sale year index/pur ye
index or
2) 50000*SYI*05-06 pur index
50000*SYI*06-07 pur index separately
02 July 2014
I think option 1 is correct. However please be wait for other experts clarification.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
02 October 2021
Directly 100000*sale year index/purchase year........... Purchase year will be date of possession received.
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