residential property sold in 16-17. For calculating index cost of acquisition, cost should be taken for the year in which final possession of property obtained i.e. 04-05 or as per payments made since initial booking of flat in 95-96 to final possession in 04-05.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
