Court Rules: Use Previous Owner's Cost for Calculating Long-Term Capital Gains; Indexation from April 1, 1981 Applies.

Court Rules: Use Previous Owner's Cost for Calculating Long-Term Capital Gains; Indexation from April 1, 1981 Applies. https://www.taxtmi.com/highlights?id=28949 LTCG - Benefit of indexation - beneficial owner - the cost incurred by the previous owner shall be adopted while computing capital gains in the hands of the assessee - benefit of indexation should accordingly be provided with effect from April 1, 1981 - AT en-us Tue, 03 May 2016 09:32:49 +0530 Mon, 02 May 2016 23:27:17 +0530 TaxTMI RSS Generator Court Rules: Use Previous Owner's Cost for Calculating Long-Term Capital Gains; Indexation from April 1, 1981 Applies. https://www.taxtmi.com/highlights?id=28949 LTCG - Benefit of indexation - beneficial owner - the cost incurred by the previous owner shall be adopted while computing capital gains in the hands of the assessee - benefit of indexation should accordingly be provided with effect from April 1, 1981 - AT Highlights Income Tax Tue, 03 May 2016 09:32:49 +0530 https://www.taxtmi.com/highlights?id=28949