CA Day celebration 2024 Easy Office
LCI Learning

Capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 July 2010 Whether indexation can be done from theprevious owner in case of assets acquired under exempted transfer.
Profile Image

Abuzar Azmi

Profile Image

Abuzar Azmi (Expert)
16 July 2010 Benefit of indexation is not permitted. If there is exempt transfer then only cost of aquisition will be the cost of asset. Indexation will be done from the year of that transfer.
Profile Image

Srikant

Profile Image

Srikant (Expert)
16 July 2010 In case asset acquired from exempted transfer you cannot claim indexation.

Agreed with the expert.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links