https://www.taxtmi.com/article/detailed?id=17290 Fair market value baseline reform is urged for long-term capital gains computation by replacing 1 April 2001 with 1 April 2025 as the date from which taxpayers may elect fair market value as cost of acquisition for pre-cutoff capital assets. The proposal is based on the view that cost inflation index increases capture only part of actual inflation and do not adequately support replacement of long-held assets. Periodic index updates are also proposed to align capital gains computation with inflation. en-us Wed, 26 Aug 2026 08:30:38 +0530 Wed, 26 Aug 2026 08:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17290 Fair market value baseline reform is urged for long-term capital gains computation by replacing 1 April 2001 with 1 April 2025 as the date from which taxpayers may elect fair market value as cost of acquisition for pre-cutoff capital assets. The proposal is based on the view that cost inflation index increases capture only part of actual inflation and do not adequately support replacement of long-held assets. Periodic index updates are also proposed to align capital gains computation with inflation. Articles Income Tax Wed, 26 Aug 2026 08:30:38 +0530 https://www.taxtmi.com/article/detailed?id=17290