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How to Apply Indexed one Cost of Acquisition When Calculating A Long-Term Capital Gains (LTCG)

When it comes to calculating long-term capital gains (LTCG), understanding the concept of indexed cost of acquisition and indexed cost of improvement is essential. These factors play a crucial role in reducing the taxable capital gain, thereby minimizing the

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How is capital gain calculated the complete under Section 48, and what deductions are available in the calculation?

Capital gains tax is an essential part of the income tax framework, impacting individuals and businesses who sell or transfer capital assets. Under Section 48 of the Income Tax Act, 1961, the calculation of capital gains is defined, and

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