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Capital gains

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(Querist)
22 October 2011 If Cost of Improvement is done in case of 49(1) before acquiring the Capital Asset from the transfer-or , whether we can claim it as a deduction while computing capital gain?
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
22 October 2011 Yes, he can claim deduction of cost of improvement of previous owner provided it is incurred on and after 1/4/1981.
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Arun Iyer

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Arun Iyer (Expert)
22 October 2011 Thanks To Me Also
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Fazil Ahmad

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Fazil Ahmad (Querist)
23 October 2011 And is sec 10(38) applicable to buyback of shares u/s 46(A)?

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