Capital Gain
Goongan (Student) (450 Points)
10 May 2007
In order to calcuate CAPITAL GAIN on sale of BONDS/DEBENTURE whay indexation of cost not done? :D
2 Replies
Avinasheswar
(Business Consultant)
(117 Points)
Replied 28 May 2007
Second Proviso to section 48 talks about indexation and see what Third Proviso to same section contains which is as follows:
Provided also that nothing contained in the second proviso shall apply to the long term capital gain arising from the transfer of a long term capital asset being bond or debenture other than capital indexed bonds issued by the Government.
Hope your doubt is cleared
Avinasheswar
(Business Consultant)
(117 Points)
Replied 28 May 2007
Second Proviso to section 48 talks about indexation and see what Third Proviso to same section contains which is as follows:
Provided also that nothing contained in the second proviso shall apply to the long term capital gain arising from the transfer of a long term capital asset being bond or debenture other than capital indexed bonds issued by the Government.
Hope your doubt is cleared
Recent Topics
- ITC of RCM LIABILITY PAID in GST Annual Return
- RCM rent for composition dealers
- ITR filing for non resident in one FY
- 2 buyer form 26qb
- CFS INCLUDING MAURITIUS SDS
- Tds on rent paid to two persons
- GST R-9 Turnover
- ITC wrongly Taken in GST 3B
- Tax liability in the case of Joint Ownership of Pr
- RCM-Director
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
