Cost of improvement

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220 Points Posted on 16 July 2020
Dear professionals

please tell me
if cost of improvement is done in 18-19 in respect of asset acquired in 2006-2007. Sale is made in 19-20 .now my question is whether to index cost of improvement or not
Thanks in advance
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On 16 July 2020 at 21:08 Report
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Quick Summary
This discussion addresses whether the cost of improvement can be indexed for an asset acquired between 2006-2007 and sold in 2019-2020. The consensus is that indexation of the cost of improvement is indeed permissible in this scenario.

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220 Points Posted on 16 July 2020
Thank you so much for your valuable advice
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On 16 July 2020 at 23:31
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Tax and Business Consultant
11616 Points Posted on 17 July 2020
Yes, U can take indexation of cost of improvement
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On 17 July 2020 at 19:47

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