Dear All
Please clarify in case, where the gifted asset is transferred than from when the indexation is done. That is from the date of acquisition of previous owner or from the date of gift to the current owner. (as per provision applicable for May 2010 exam of ICAI)
Thanks in Advance
Arpit Sharma
Please have a look on the link below, before replying to the query.
https://itatonline.org/
Whether this decision will be applicable for PCC May 2010 examination.
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