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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

Replies (1)

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..


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