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is it compulsory to avail the benefit of indexation in case of long term property. is there any option to calculate LTG Without indexation. since tax rate is 10%.
Replies (5)
man!!!🤔🤔🤔🤔
the word used in section 48(mode of computation of CG) is "in case of LTCG,the COA and COI shall have the effect of indexation"......
--shall have the effect--
hence,it is compulsory to avail the benefit in case of LTCA!😅
Is it helpful??
the word used in section 48(mode of computation of CG) is "in case of LTCG,the COA and COI shall have the effect of indexation"......
--shall have the effect--
hence,it is compulsory to avail the benefit in case of LTCA!😅
Is it helpful??
from which AY the new rates CII is applicable?
from the A.Y 2018-19 New rates of CII are applicable
so without indexation is not possible. for calculating LTCG In case of sale of property. 10% lower tax rate is not applicable
yes...you are exactly correct!!!
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