Capital Gain Computation Indexation

[Guest]

Consideration of Indexation in Computation of LTCG from sale of land converted from Leasehold to freehold kindly provide us the case laws if any.

[DR.MARIAPPAN GOVINDARAJAN]

Consideration of indexation in computation of LTCG is common. No case law is required. If you have any problem the same may be given in this forum in this regard.

AI Summary

Indexation for long-term capital gains applies to sale of land converted from leasehold to freehold. Consideration of indexation in computing long-term capital gains on sale of land converted from leasehold to freehold is routinely applied; no case law is required, and parties are invited to present specific problems for further clarification.