CASE STUDY OF CAPITAL GAIN.
ONE OF MY CLIENT PURCHASE HOUSE IN INSTALMENT FROM DDA . NOW HE WANT TO SALE THE HOUSE
SO ,PLS TELL ME IN THIS CASE HOW I DO THE INDEXATION OF COST OF PURCHASE.
PLS WRITE WHICH DATE SHOULD BE CONSIDERED FOR THIS INDEXATION.
ALSO GIVE ME THE CASE IN THIS MATTER OF ANY COURT. OR ANY REFERENCE.
REGARDS
SUDHIR CHAUHAN
I think indexing will be available from the date on which the possession of the property has been transferred to the assessee because even if the loan installment remains to be paid and more than 3 years has been elapsed, the benefit of indexing wil be available..
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
