Long term capital gains tax
This query is : Resolved
11 August 2017
Respected
Sir/madam
I heard that the cost of acquisition would be assumed 20 times of cost of acquisition if a commercial property sold after 12 years of its purchase.
As per my knowledge, cost of acquisition should be calculated on the basis of indexed cost only.
Kindly suggest me
Sir/madam
I heard that the cost of acquisition would be assumed 20 times of cost of acquisition if a commercial property sold after 12 years of its purchase.
As per my knowledge, cost of acquisition should be calculated on the basis of indexed cost only.
Kindly suggest me
11 August 2017
Hello Ravinder Ji,
There is no such provision in the IT Act.
The only way to calculate the cost of acquisition is by way of cost of index.
There is no such provision in the IT Act.
The only way to calculate the cost of acquisition is by way of cost of index.
11 August 2017
thank you very much sir
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