cash trn limit

213 views 8 replies
for

Non audit case Individual
(income below Basic Exemption)

what is

Cash Transaction limit?
Replies (8)
Cash transaction Limit is 200000 per day from AY 18-19
in Capital Gain Computation
in case of EMI paid To Builder
can I take such EMI as
COA with Indexation
(DoC of allotment were lost Only Bills of Mthly pmts)
yes you can .take in the case CIT vs Rambramha the court has declared that amount paid so can also be taken in the calculation of cost of acquisition
and " Indexation "?
i don't have answer for that....there are no explicit reference in the judicial data regarding considering emi for indexation
Originally posted by : Ashwin Kumar
i don't have answer for that....there are no explicit reference in the judicial data regarding considering emi for indexation

 

Yes, the indexation, in case of long term asset is available for the amount paid as in installments........

thanks for clearing my doubt sir
Thanks


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