How to compute Cost of Improvement before 2001 for the AY 18-19?. Whether I have to take NIL value or to take the cost incurred.
Thank you.
Krishna Sarma (Article Assistant) (74 Points)
27 September 2017How to compute Cost of Improvement before 2001 for the AY 18-19?. Whether I have to take NIL value or to take the cost incurred.
Thank you.
Krishna Sarma
(Article Assistant)
(74 Points)
Replied 27 September 2017
How to Compute Cost of Improvement for the AY 18-19?
Earlier, 1981 is the base year for computing indexation and cost incurred for improvement before 1981 should be taken as Nil. Now the base year for AY 18-19 is 2001, whether cost of improvement before 2001 is taken as nil or cost incurred should be considered for indexation
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