Base year shifted to 2001 from 1981 for computation of capital gains

Last updated: 02 February 2017

Shifting base year from 1981 to 2001 for computation of capital gains The existing provisions of section 55 provide that for computation of capital gains, an assessee shall be allowed deduction for cost of acquisition of the asset and also cost of improvement, if any. However, for computing capit
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Recent News :

  1. No UPI Charges for Consumers: Government Clears Air on Merchant Fee Rumours
  2. UPI Transactions May Attract Charges in Future as Lok Sabha Passes Taxation Amendment Bill
  3. ICAI Hosts Multipurpose Empanelment Form (MEF) 2026-27
  4. Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27
  5. Centre Exempts Banks from Section 15(1) Restriction on Unamortized EIR Expenditure
  6. ICAI Publishes 77th Annual Report and Accounts of the Institute for the year 2025-26
  7. RBI Keeps Repo Rate Unchanged at 5.25%
  8. MCA Extends Registration Deadline for 'Corporate Mitra' Course for North East Candidates Till 14th Aug 2026
  9. FM Sitharaman Introduces Appropriation (No. 3) Bill, 2026 in Lok Sabha
  10. Government Boosts MSME Financing Through SIDBI and ECLGS 5.0

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Samruddhi AgrawalSamruddhi AgrawalPro Member RAHUL SURANARAHUL SURANAPro Member Ravinder ReddyRavinder ReddyPro Member Chnmaya parhiChnmaya parhiPro Member DSK TMCDSK TMC
Subscribe to Pro
Join an elite circle of professionals


Browse by Category