Index cost of improvement
This query is : Resolved
12 March 2014
whether in case of sale of long term residential house if improvement done within 1 year from sale of house can index cost of improvement taken or not while calculating capital gain??
12 March 2014
as per explanation to 5th proviso to sec 48 you can take indexed cost of improvement.
12 March 2014
Sampat Ji
ist proviso of section 48 is computation of capital gains on shares held by non-resident.
Please reconsider your answer in view of the above.
ist proviso of section 48 is computation of capital gains on shares held by non-resident.
Please reconsider your answer in view of the above.
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