Indexation of the sale of foreign capital assets

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Ankit Jain (Querist)
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21 February 2008 Please tell me that weather the indexation is applicable on the sale of foreign capital assets in india.

S.Srinivasaraghavan (Expert)
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21 February 2008
Yes.Indexation is applicable for long term capital assets subject to the provisions of section 48

CA Saurabh Maheshwari (Expert)
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21 February 2008 IF CAPITAL ASEET IS LONG TERM CAPITAL ASEET THAN INDEXATION IS APPLICABLE

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