A person bought a bouse in 2004 under construction linked plan and every year he paid some amount and in 2009 he finally got the property and in 2018 he sold it. Now my query is to what price the indexation will be applied as payment was distributed in 5 years. (Total paid 20L, each 5 years paid 4L) So how will the base price and year be determined for indexation?
Menu
Property indexation
Replies (2)
Date of possession is safer mode.......
i think c.i.i of 2009 is to be taken....as the ownership is actually trnsfrd on that date....
Recent Topics :
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
Related Topics :
CAclubindia
