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.
3 Replies
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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