Quiz for the week (08 Dec 2025) :
Mahesh (age 60) returned to India permanently after quitting employment in Country X in March, 2022. His residential status is ROR for the FY 2024-25. He owned a property let out in Country X. In December,2025 he decided to sell the same for Rs.100 lakhs (converted) in INR. The property was acquired in April,2001 for Rs.20 lakhs (converted in INR). He wants to know whether indexation benefit could be availed by him. Ignore DTAA provisions.
Share your thoughts on the above on or before 15th December, 2025