Indexed cost in Capital gain
This query is : Resolved
SAGAR KASNALE
(Querist)
29 March 2021
when capital assets sold how the indexed cost of acquisition to be accounted in balance sheet. Where to show the indexed cost in balance otherwise the amount of capital gain in balance sheet and amount in computation will not match.
CA R SEETHARAMAN
(Expert)
29 March 2021
Computation statement is for income tax calculation. It will not match with actual capital gains. Account actual capital gains in books of accounts.
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