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Capital gain computation

Tax queries 243 views 3 replies

How to compute Cost of Improvement before 2001 for the AY 18-19?.  Whether I have to take NIL value or to take the cost incurred.

Thank you.

Replies (3)
make it indexation with the help of Cii table

How to Compute Cost of Improvement for the AY 18-19? 

Earlier, 1981 is the base year for computing indexation and cost incurred for improvement before 1981 should be taken as Nil. Now the base year for AY 18-19 is 2001, whether cost of improvement before 2001 is taken as nil or cost incurred should be considered for indexation

it should be taken while computing capital gain


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