Base year for the purpose of calculation of indexed cost of acquisition or the cost of improvement in respect of long term capital asset acquired prior to 1st April, 2001 shall be taken as :
A. 1981-82
B. 2001-02
C. 1991-92
D. 2011-12
Answer:B
Base year for the purpose of calculation of indexed cost of acquisition or the cost of improvement in respect of long term capital asset acquired prior to 1st April, 2001 shall be taken as :
A. 1981-82 B. 2001-02 C. 1991-92 D. 2011-12