{"id":34939,"date":"2023-06-16T13:44:14","date_gmt":"2023-06-16T08:14:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=34939"},"modified":"2023-06-16T13:44:14","modified_gmt":"2023-06-16T08:14:14","slug":"amended-law-twin-old-and-new-tables-for-cost-inflation-index","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/amended-law-twin-old-and-new-tables-for-cost-inflation-index\/","title":{"rendered":"Amended Law \/TWIN (Old and New) TABLES for COST INFLATION INDEX"},"content":{"rendered":"<p>Land purchased in 1990, for Rs 1,00,000, has been sold in FYE 31-03-2022 (AY 2023-24) for Rs 25,00,000. As per valuation report obtained from an Authorized Valuer, the FMV as on<br \/>\n1-4-2001 is Rs 7,00,000.<br \/>\nIn the New Form 2 for AY 2023-24, under the Schedule for Computation of \u201cLong Term Capital Gains\u2019\u2019, in two of the relevant columns, taxpayer is required to fill-in, &#8211; \u201cCost of Acquisition\u201d and \u201cCost of Acquisition with Indexation\u201d.<br \/>\nExpert is requested to kindly advise as to how to fill-in the mentioned two columns having regard to the stated facts?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[22],"qa_category":[23],"qa_tag":[472,273],"class_list":["post-34939","qa","type-qa","status-publish","hentry","qa_expert-advocate-neelam-jadhav","qa_category-income-tax","qa_tag-form","qa_tag-return"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/34939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34939"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34939"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=34939"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=34939"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=34939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}