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CA Inter doubt

If property is acquired before 2001 and there is an improvement before 2001 so do we have to reduce in cost of improvement or not

Asked by Anirudh5 Oct 2024559 views

2 answers

  1. Anirudh · 5 Oct 2024

    Thanks

  2. Sujal · 5 Oct 2024

    Cost of improvement before 1-4-2001 is to be ignored, i.e not to be taken for calculating cap.gain u/s-55(1)

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