There is a view that if the house is jointly funded, capital gains from sale of such a house, should be included in the ...
How is Cost Inflation Index used in Income Tax? Long term capital assets are recorded at cost price in books. Despite increasing inflation, they exist at the cost price and cannot be revalued. When ...
After inheriting land in 2003 and partitioning it in 2010, the sisters must determine the indexed cost for capital gains tax.
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