section 55
Heerak Jain (18 Points)
06 March 2019
indexation benefit is available in case of LTCG capital assets come under this section
Heerak Jain (18 Points)
06 March 2019
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 06 March 2019
Sec 55 of IT Act provides for definition of Cost of Improvement and Cost of Acquisition.
However, Explanation (iii), (iv) and (v) of Sec 48 of IT Act shall provide you with definition of "Indexed Cost of Acquisition and Improvement"
Hope this clarifies your query.
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 07 March 2019
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