Hello,
I want to ask that what will be date for doing Indexation while calculating capital gains,
If
The land was purchased in 01/04/1995 , all formalities done but the registery of the land purchased was done in 2011.
Please answer
Thank you
akanksha (CA Final Student) (325 Points)
14 February 2014Hello,
I want to ask that what will be date for doing Indexation while calculating capital gains,
If
The land was purchased in 01/04/1995 , all formalities done but the registery of the land purchased was done in 2011.
Please answer
Thank you
SUMIT KUMAR JANGID
(CA FINAL STUDENT)
(136 Points)
Replied 14 February 2014
It depands upon Sale Agreement, If All Formalities done including Sale Agreement Then The date for Indexation will be considered 01/04/1995.
akanksha
(CA Final Student)
(325 Points)
Replied 14 February 2014
Sir,
thank you,
Now my question if that is the case then one can do sell agreement in the back date
SUMIT KUMAR JANGID
(CA FINAL STUDENT)
(136 Points)
Replied 14 February 2014
Then The Date for Indexation Will be Considered as The Date of Sale Agreement Approved or Signed by The Both Parties.
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