Answers On Topic: indexation
Sir, My client is having long-term capital gains on the sale of shares(Listed). can I pay tax at 20% by taking the indexation benefit. Please clarify.
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An assessee purchased a builiding in 2002 an made certain improvements thereafter . The building was old and was demolished in 2021. The assessee is now selling the land. What shall be cost of acquisition for tax purpose the cost of building and improvement the value of land only
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As section 45(5A) talks of deferment of capital gains to the year in which Completion Certificate is issued, whether the analogy laid down by the hon'ble Bombay High Court in CIT v. Manjula J. Shah's case (2016) 355 ITR 474 (Bom) should be applicable . In case of section 45(5A), though the provision calls for deferment of tax from the date of actual transfer, still no such specific provision is provided to clarify how the period of holding is to be computed. In the scenario, Whether indexation is only up to the date of transfer or up to the date…
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Tenanted Flat in the name of Grand Father Cost of Acquisition: Not Known Grand Father Expired in the Year 1972 Permanent Alternate Accommodation Agreement (PAAA) Between My Father (Only Legal Heir) and Land Owner cum Developer registered on 26.12.2013 Value of the flat as per Stamp duty Authority as on 26.12.2013 was Rs. 12.86 Lakhs Condition in PAAA: Tenancy Will Surrender only on receipt of possession New flat on Ownership Basis My Father Expired on : 07.01.2018 Full OC received on : 25.03.2021 Possession of new flat on ownership basis handed over to Legal Heirs on 26.05.2021 New flat sold …
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can a tenant adopt value as on 1-4 -2001 for indexation while surrendering rights ?
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Indexation on listed shares