Hi dear Frends,
I just want to know can we claim indexation benefit for the improvement done in previous year?
plz urgent....................
CA Saagar K (student) (250 Points)
18 February 2013Hi dear Frends,
I just want to know can we claim indexation benefit for the improvement done in previous year?
plz urgent....................
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 18 February 2013
Saagar Bhai,
Indexation Option is Available for LTCG Assets Only. Not STCG.
and LTCG Indexation Benefit Can Be Taken After Three Years Only.
sourav jain
(INTERNAL AUDITOR)
(128 Points)
Replied 18 February 2013
Hello
Yes you can claim indexation on improvemnet expentitures on LTA
CA Saagar K
(student)
(250 Points)
Replied 20 February 2013
hey Aayush How r u? but what about cost of improvment made within 3 yrs prior to the date of sale of LTCA?
e.g.
date of purchase of asset 01/04/2008
cost of improvement Rs.2 lakhs made on 15/05/2012
date of sale of asset 18/12/2013
????????????
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 20 February 2013
I am Fine Saagar....Nice to see You on CCI...
Then In These Case:-
Take Indexation for Cost of Acquision
But For Cost of Improvement No Indexation is Available.
CA Saagar K
(student)
(250 Points)
Replied 20 February 2013
okk Aayush,thnx
someone jumbled me yaar..
okk take care
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 20 February 2013
| Originally posted by : CA Saagar Khatavkar | ||
 |
okk Aayush,thnx someone jumbled me yaar.. okk take care |
 |
Ok...No Issues.
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