Cost of improvement shall be indexed if :

CS Executive · Tax Laws · PYQS · December 2024
Cost of improvement shall be indexed if :
(A) It is expended before the acquisition of Capital Assets
(B) If it is done before 36 months before the date of transfer
(C) If it is done before 12 months before the date of transfer
(D) If it is a LTCA

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act

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