https://www.taxtmi.com/forum/issue?id=1769 Indexation of cost of acquisition for capital gains should be calculated from the date when the buyer's right becomes an immovable asset-generally the date of possession and/or registration-rather than the initial booking date. Booking creates a preliminary right that merges into a fuller proprietary right on registration/possession, and the actual cost and applicable Cost Inflation Index relate to the date of possession when computing indexed cost. Practical exceptions involving accrued liability or transfers for exemption purposes do not displace the possession/registration rule for indexation. en-us Fri, 12 Feb 2010 21:28:59 +0530 Thu, 23 Jan 2025 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1769 Indexation of cost of acquisition for capital gains should be calculated from the date when the buyer's right becomes an immovable asset-generally the date of possession and/or registration-rather than the initial booking date. Booking creates a preliminary right that merges into a fuller proprietary right on registration/possession, and the actual cost and applicable Cost Inflation Index relate to the date of possession when computing indexed cost. Practical exceptions involving accrued liability or transfers for exemption purposes do not displace the possession/registration rule for indexation. Discussion-Forum Income Tax Fri, 12 Feb 2010 21:28:59 +0530 https://www.taxtmi.com/forum/issue?id=1769