Indexation benefit
Whether indexation can be claimed on additional costs incurred prior to 1 or 2 years of sale??
Replies (3)
Yes, in case of LTCG indexation can be claimed even if improvement is made just 1 or 2 years prior to sale.
Can you provide any case law on the said subject ? Further, sale has taken place in April 2012 & in the same financial year additional cost was incurred upto 31st March 2013. Can the said amount be claimed without indexation being additional cost. If yes, any relevant case law ?
I don't think that any additional costs incurred after the date of sale are allowable. Though i am m not conversant with any case law on this.
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