https://www.taxtmi.com/forum/issue?id=106394 The date of transfer/possession under section 2(47) and section 53A governs acquisition timing; instalment financing does not change that date. The full principal outstanding on that date is the cost base for indexation, with indexed cost computed from the year of possession. Interest and instalment-related amounts may be treated as part of the cost of acquisition under section 55 according to some High Court decisions, though disputes can arise; statutory limited credits for instalment payments may also apply. en-us Tue, 07 Jan 2014 17:27:32 +0530 Thu, 23 Jan 2025 15:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106394 The date of transfer/possession under section 2(47) and section 53A governs acquisition timing; instalment financing does not change that date. The full principal outstanding on that date is the cost base for indexation, with indexed cost computed from the year of possession. Interest and instalment-related amounts may be treated as part of the cost of acquisition under section 55 according to some High Court decisions, though disputes can arise; statutory limited credits for instalment payments may also apply. Discussion-Forum Income Tax Tue, 07 Jan 2014 17:27:32 +0530 https://www.taxtmi.com/forum/issue?id=106394