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Long term capital gains tax

This query is : Resolved 
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(Querist)
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
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ABHISHEK GARG

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ABHISHEK GARG (Expert)
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.
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RAVINDER KUMAR

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RAVINDER KUMAR (Querist)
11 August 2017 thank you very much sir
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