https://www.taxtmi.com/article/detailed?id=5427 Forfeiture of advance does not amount to a transfer and is not chargeable as capital gain; instead, the forfeited amount must be deducted from the cost of acquisition (or substituted fair market value or written down value as applicable), reducing the cost to nil if excess. The adjustment provision contains no reference to indexed cost, so a reduced or nil cost cannot be turned into a negative figure or be enhanced by cost inflation indexing for capital gains computation. en-us Thu, 09 Jan 2014 09:54:45 +0530 Thu, 09 Jan 2014 09:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5427 Forfeiture of advance does not amount to a transfer and is not chargeable as capital gain; instead, the forfeited amount must be deducted from the cost of acquisition (or substituted fair market value or written down value as applicable), reducing the cost to nil if excess. The adjustment provision contains no reference to indexed cost, so a reduced or nil cost cannot be turned into a negative figure or be enhanced by cost inflation indexing for capital gains computation. Articles Income Tax Thu, 09 Jan 2014 09:54:45 +0530 https://www.taxtmi.com/article/detailed?id=5427