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Under the Income-tax Act, 2025, the indexed cost of acquisition is still used, in computing the tax…

Section 197(3) preserves a comparative 20% computation using "indexed cost of acquisition" for the specified pre-23 July 2024 land or building held by a resident individual…

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Under the Income-tax Act, 2025, the indexed cost of acquisition is still used, in computing the tax under section 197(3), on the transfer of

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Section 197(3) preserves a comparative 20% computation using "indexed cost of acquisition" for the specified pre-23 July 2024 land or building held by a resident individual or HUF. The comparison does not extend to a company's debentures or a short-term asset.

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