Index for Capital gain

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Kumaresan Grad CWA (Querist)
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30 December 2009 If an assessee acquired an asset before 01.04.1981(but not registered on the date of acquisition),after 01.04.1981 he/she get registered that asset.what is the indexation to adopted (denominator)for computing capital gain????

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
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30 December 2009 Hiii...

It should be 100 only for all those asset which purchased/owned on or before 1.04.1981.

Regards!!!
Dinesh S. Adhikari

ANIL JANGID

ANIL JANGID (Expert)
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30 December 2009 agree

Heera Nahariya

Heera Nahariya (Expert)
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30 December 2009 Agree with the expert.

Ownership is the criteria. Registered ownership is not necessary.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 December 2009 yes,100 only to be taken

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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30 December 2009 The indexation will be 100 and it is clearly mentioned in the tax law also

NEHA SARAF (Mcom, CA , CS)

NEHA SARAF (Mcom, CA , CS) (Expert)
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31 December 2009 Agreed all the assets purchased before 1981 , it should be taken as 100 only

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