Indexation is applicable to.
A. Sale of short term capital assets.
B. Sale of long term debentures.
C. Sale of depreciable capital assets.
D. Sale of long term capital assets which are not depreciable assets
Answer:D
Indexation is applicable to.
A. Sale of short term capital assets. B. Sale of long term debentures. C. Sale of depreciable capital assets. D. Sale of long term capital assets which are not depreciable assets