Change in Base year for indexed Cost of Acqusition :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
24 | Change in Base year for indexed Cost of Acqusition |
Clause iii to explanation of section 48 |
Amendment | 1/4/2018 | Owing to change in base year from 01/04/1981 to 01/04/2001, consequential amendments are made in finance bill in respect of base year for calculation of Indexed Cost of Acquisition. |