Tag Archives: section 49(1)

Capital gains on gifted asset shall be computed by taking Cost inflation Index of year in which asset held by previous owner

By | October 13, 2015

Whether in case of an assessee covered under section 49(1), i.e., in case of gains arising on transfer of a capital asset acquired under a gift or will, capital gains liability has to be computed by considering that assessee held said asset from date it was held by previous owner and on same analogy indexed… Read More »