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
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