Reference year update: section 55 revises the base year for cost indexation affecting capital gains computation. The Finance Act, 2017 substitutes the earlier base-year reference with a later base-year reference in the cost indexation provisions of section 55, ... Summary
Reference year update: section 55 revises the base year for cost indexation affecting capital gains computation.
The Finance Act, 2017 substitutes the earlier base-year reference with a later base-year reference in the cost indexation provisions of section 55, replacing that reference in the specified clause of sub-section (1) and in the corresponding clause of sub-section (2), effective from the relevant assessment year commencement, thereby altering the base year applied for computing indexed cost of acquisition for capital gains purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.