Tag Archives: base year computation of capital gains AY 2018-19

Shifting base year from 1981 to 2001 for computation of capital gains w.e.f AY 2018-19

By | February 10, 2017

Shifting base year from 1981 to 2001 for computation of capital gains The existing provisions of section 55 of Income tax Act provide that for computation of capital gains, an assessee shall be allowed deduction for cost of acquisition of the asset and also cost of improvement, if any. However, for computing capital gains in… Read More »