Indexation of Cost of Acquisition for calculation of LTCG is available from the AY in which Consideration is fully paid by Assessee: ITAT [Read Order]

By Devanand T R - On June 3, 2023 2:30 pm - 2 mins read

Indexation of Cost of Acquisition for calculation of LTCG is available from the AY - which Consideration is fully paid by Assessee - ITAT

The Income Tax Appellate Tribunal (ITAT), Cuttack Bench has held that indexation of Cost of Acquisition of property is available for the purpose of computation of Long Term Capital Gain (LTCG) from the assessment year (AY) in which consideration is fully paid by the assessee. The appeal was filed by the assessee Abani Pattanayak against…

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