Cost of acquisition
This query is : Resolved
23 April 2012
for may 12 exam , what is the rule of taking cost of acquisition since i have heard that bombay high court has taken some decision about cost of acquisition. while calculating cg on ltca what base is taken in the denominator. is it asset acquired by the assesse time period or asset acquired by the previous owner?
23 April 2012
if that judgment come recently than that not applicable in may-12.
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