Comments on: In case of gifted Assets, indexation benefit is available from the year of acquisition of the previous owner http://taxguru.in/income-tax-case-laws/in-case-of-gifted-assets-indexation-benefit-is-available-from-the-year-of-acquisition-of-the-previous-owner.html Complete Tax Solution Fri, 10 Feb 2012 11:17:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: JAGDISH BHALIA http://taxguru.in/income-tax-case-laws/in-case-of-gifted-assets-indexation-benefit-is-available-from-the-year-of-acquisition-of-the-previous-owner.html/comment-page-1/#comment-9554 JAGDISH BHALIA Thu, 31 Dec 2009 11:08:52 +0000 http://www.taxguru.in/?p=18301#comment-9554 I have filed my client return by applying the indexation of the year in which the capital asset was held by the taxpayer. Can we take benifit of this ruling by filing the rectification application u/s 154. I have filed my client return by applying the indexation of the year in which the capital asset was held by the taxpayer.

Can we take benifit of this ruling by filing the rectification application u/s 154.

]]> By: Chetan http://taxguru.in/income-tax-case-laws/in-case-of-gifted-assets-indexation-benefit-is-available-from-the-year-of-acquisition-of-the-previous-owner.html/comment-page-1/#comment-9522 Chetan Wed, 30 Dec 2009 15:10:11 +0000 http://www.taxguru.in/?p=18301#comment-9522 As non cash gifts were exempt from tax until 30th Sep 2009. If I transfer x% of shares of my Pvt. Ltd. Company (held by me) to my employees as on 30th Sep; will any of us will have a tax liability? As non cash gifts were exempt from tax until 30th Sep 2009. If I transfer x% of shares of my Pvt. Ltd. Company (held by me) to my employees as on 30th Sep; will any of us will have a tax liability?

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