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capital gain

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26 July 2010 indexation of asset acqured from previus owner...........

confusion on dis issue.....

while making indxtn of asset acrd from previus owner(sec.49(1) )who acuried it b4 1/4/81,indexation wil strat from DATE of acuisition by ..........
curent owner or previous owner???????

26 July 2010 if it is acquired before 1.4.81 indexation will be 100... after 1.4.81 it would be the date wen 1st held by the assessee...


29 July 2010 but there is confusion..........refer vinod gupta n ahuja.......case law......pushpa sophat.

n tell me




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