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section 55
indexation benefit is available in case of LTCG capital assets come under this section
Replies (2)
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.
indexation benefit can be claimed for all ltcg assets
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