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 Considered in Long-Term Capital Gains for Leasehold to Freehold Land Sales; No Case Law Needed A query was raised regarding the consideration of indexation in the computation of Long-Term Capital Gains (LTCG) from the sale of land converted from leasehold to freehold. The respondent clarified that indexation is typically considered in such computations and that no specific case law is necessary. The respondent suggested that any specific issues or problems could be further discussed in the forum.