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Index cost of improvement

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(Querist)
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??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 March 2014 as per explanation to 5th proviso to sec 48 you can take indexed cost of improvement.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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