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  Start a discussion   Unanswered Report Abuse

Sreenivas (Service)     20 April 2009

CAPITAL GAIN ON OLD PRICE OR NEW PRICE...

A FLAT CONSTRUCTED  IN 1996 WAS PURCHASECD BY "A" IN 1996.

"B" PURCHASED THIS FLAT IN 2004 AND "B" IS SELLING THE FLAT NOW .B WISH TO KNOW TO ARRIVE AT THE CONST INFLATION BASIC PRICE SHOULD BE  OF 1996 OR OF 2004...



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 3 Replies

A V Vishal

A V Vishal (Advocate)     20 April 2009

2004

Sreenivas

Sreenivas (Service)     20 April 2009

Thanks Mr.Vishal.

Abhijeet

Abhijeet (Business)     27 April 2009

2004 cost of acquisition would be the relevant cost for B and as far as the cost of construction incurred by A in 1996 is concerned would be irrelavant to B. Hence, cost of acquisition of B (2004) shall be taken as base and indexed.

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