1. Say, convertible debentures were purchased in 98, and converted in 01, and sold in 09. The indexation benefit will be received for 98 to 09, or 01 to 09?
2. Self generated good for professionals is not taxable, and for others, it is taxable, with the COA being nil, right?
2. Self generated good for professionals is not taxable, and for others, it is taxable, with the COA being nil, right?
3. X acquires a property in 1979, and gifts it to Y in 1987. X added a room to the property in 79, and one in 83.
Is the addition of any of the rooms allowed as a deduction to Y, when he sells the property?
Is the addition of any of the rooms allowed as a deduction to Y, when he sells the property?
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