Menu
Capital Gain
In order to calcuate CAPITAL GAIN on sale of BONDS/DEBENTURE whay indexation of cost not done? :D
Replies (2)
Second Proviso to section 48 talks about indexation and see what Third Proviso to same section contains which is as follows:
Provided also that nothing contained in the second proviso shall apply to the long term capital gain arising from the transfer of a long term capital asset being bond or debenture other than capital indexed bonds issued by the Government.
Hope your doubt is cleared
Second Proviso to section 48 talks about indexation and see what Third Proviso to same section contains which is as follows:
Provided also that nothing contained in the second proviso shall apply to the long term capital gain arising from the transfer of a long term capital asset being bond or debenture other than capital indexed bonds issued by the Government.
Hope your doubt is cleared
Recent Topic
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
Related Topics
CAclubindia
