Indexation is a benefit given to adjust the cost of capital asset held for long term with respect to inflation. Since foreign securities are considered as unlisted, they must be held for at least 24 months to qualify as Long Term Capital Asset and avail indexation.
Share this
Loved this? Spread the word
Related posts
September 6, 2020
TERMS AND CONDITIONS FOR INVESTMENT ADVISORY SERVICES For the purpose of this document (“Agreement”) “Investment Advisor” or “We/we” refers to AltShiftCap ...
August 24, 2020
As per Finance Act, 2020, TCS @ 5% is applicable only if and when ...
August 24, 2020
There is no applicable estate duty in India on vesting of properties with the ...
August 24, 2020
Yes, any cost incurred on account of sale or transfer of asset is allowable ...