Index for Capital gain
This query is : Resolved
Kumaresan Grad CWA
(Querist)
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????
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
It should be 100 only for all those asset which purchased/owned on or before 1.04.1981.
Regards!!!
Dinesh S. Adhikari
ANIL JANGID
(Expert)
30 December 2009
agree
Heera Nahariya
(Expert)
30 December 2009
Agree with the expert.
Ownership is the criteria. Registered ownership is not necessary.
Ownership is the criteria. Registered ownership is not necessary.
CMA Ramesh Krishnan
(Expert)
30 December 2009
yes,100 only to be taken
CA.ViVeK M ACA
(Expert)
30 December 2009
The indexation will be 100 and it is clearly mentioned in the tax law also
31 December 2009
Agreed all the assets purchased before 1981 , it should be taken as 100 only
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